In Russia UniCredit was identified as the Market Leader and was named first in the “Best Service” category

UniCredit has been named Global Best Service Provider for “All Services”, “Advisory”, “Financing / payments”, “Overall Execution” and “Products” in Euromoney’s Trade Finance Survey 2019.

The survey, now in its eighth year, also identifies UniCredit as the Market Leader in Central and Eastern Europe (CEE), Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Italy,  Romania, Russia, Serbia and Turkey.

In the “Best Service” category, UniCredit was named first in CEE, the Middle East, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Italy, Romania, Russia, Serbia, Turkey and Germany, the latter of which saw the bank improve upon its 2018 ranking.

Gianni Franco Papa, General Manager at UniCredit, said: “We are delighted that Euromoney and the clients surveyed continue to recognise 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.”

“We are proud and happy to get these awards as a reflection of sound reputation of UniCredit in the Russian market as well as high level of clients' confidence. 

Our success is based on high standards of quality and professional expertise, and we cordially thank all the colleagues contributed to this excellent result! We will continue our efforts in development of Trade Finance products based on innovative approach and strong support of UniCredit”, said Kirill Zhukov-Emelyanov, Member of the Management Board of UniCredit Bank, Head of CIB&PB Russia.   

The rankings - derived from the feedback of over 7000 corporate banking clients – recognise the bank's continued excellence in trade finance, which is built on a profound knowledge of its core European markets and considerable product expertise.

UniCredit continues to invest in trade finance innovation, primarily through blockchain consortium ‘we.trade’ and the Trade Information Network. It has also sought to improve its international coverage through the establishment of a Commodity Trade Finance hub in Abu Dhabi.