Moorgate’s clients came away from this year’s Trade & Forfaiting Review Excellence in Trade Finance Awards with an impressive haul of five wins as Deutsche Bank, ICC Banking Commission, UniCredit, Falcon and Commerzbank all received gold accolades.
In a revised format whereby only category winners are recognised, UniCredit triumphed in the close-fought contest for “Best in Central and Eastern Europe”, on the back of their innovative digital solutions and deal flow. Commenting on the bank’s achievement, Enrico Minnitti, head of CEE corporate and investment banking said, “UniCredit continues investing in technology and focusing on improving customer service to be able to offer a state of the art user experience”.
Meanwhile, Commerzbank walked away as winners of the “Best in Germany” category. Reflecting on the bank’s commitment to offering clients quality insights into both regional risk and practices, Commerzbank’s Rüdiger Geis, head of product management, said, “with the euro looking strong but crucial Chinese demand remaining slack, German companies – and especially those in the Mittelstand, or SME, sector – need the support of their banks’ expertise more than ever.”
The ICC Banking Commission received the “Shining Example of Innovation” Award. The ICC Trade Register – created to support the ICC Banking Commission’s shaping of the industry via regulatory proposals and to raise awareness around low-risk trade finance products – now covers 1.3 million trade transactions worldwide and provides a comprehensive outlook on both the risks and opportunities present in the trade finance arena.
Elsewhere, Deutsche Bank retained their gong in the “Best Trade Bank in Structured Commodity Trade Finance” category, as managing director, John McNamara, hailed the bank’s success in a year of particular scrutiny for players in the commodities market. Also building on previous success at the awards was Falcon, which were named the “Best Specialist Trade Finance Institution” for a sixth consecutive year. The specialist financier has provided finance upwards of US$10 billion to companies worldwide in order to enable them to achieve their growth ambitions.
To view the full list of award winners in TFR’s July/August edition, please click here.