UniCredit Bulbank is the leader in trade finance services in the country – this is what the results from the latest 2019 Euromoney Survey tell us. The Bank was also ranked first in the ‘’Best Service’’ category. The Survey, conducted for the eight year in row, identified UniCredit as a market leader not only in Bulgaria, but also in Central and Eastern Europe, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Italy, Romania, Russia, Serbia and Turkey.
As a Group UniCredit has been named Best Service Provider for "All Services", "Advisory", "Financing / payments", "Overall Execution" and "Products" in this year’s Euromoney Trade Finance Survey.
In the "Best Service" category, UniCredit was named first in CEE, the Middle East, Bosnia and Herzegovina, Bulgaria, the Czech Republic, Hungary, Italy, Romania, Russia, Serbia, Turkey and Germany. As regards Germany, the bank has improved its ranking in comparison to 2018.
The ranking was made on the basis of feedback from over 7000 corporate clients that recognized the excellent performance of the bank in the area of trade finance, which is the result of its in-depth knowledge of the core European markets and its considerable product expertise.
Gianni Franco Papa, General Manager at UniCredit, said: "We are delighted that Euromoney and the clients surveyed continue to recognize UniCredit as the best global trade finance provider across a variety of key service categories and regions. Our improvement on last year's rankings highlights a steadfast commitment to meeting clients' needs, a willingness to embrace new working capital tools and the considerable strength of our International Network".
“Congratulations to the Trade Finance Team at UniCredit Bulbank. We are glad that the services we provide to our clients are seen as the best in their class. We remain committed to retaining our position as leaders, which we achieved thanks to our considerable experience and the advantage of being part of a Pan-European Bank Group”, said Enrico Minniti, General Manager and Member the Management Board of UniCredit Bulbank.
In Bulgaria, UniCredit Bulbank offers the full range of trade finance products: bank guarantees, documentary letters of credit and cash collection - import/export, confirmation of letters of credit, discounting and post-financing. These services help the clients to minimize the commercial risk involved in transactions, especially when working with less familiar counterparties, as well as in the case of import to and export from higher risk destinations. When the products are appropriately structured they can also serve as a short-term liquidity source within the clients' commercial cycle. Clients can also manage their transactions through the specialized Trade Financing Module part of Bulbank Online Banking.
Additional media information:
Ekaterina Ancheva, tel +359 (0) 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch
Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch
Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch