Thanks to its unparalleled role in trade finance in the region, Commerzbank has been named ‘Best Bank in Central & Eastern Europe (CEE)’ in this year’s Transaction Banking Awards at the specialist magazine of the Financial Times, The Banker.
Commerzbank’s ability to maintain strategic partnerships and its steadfast role in correspondent banking during times of increased international and regional regulation, significant economic challenges and shifting political landscapes have solidified the bank’s position as the key facilitator of trade in the CEE region.
Commerzbank’s Regional Head CEE/Turkey, Ivica Langauer, affirms the bank’s dedication to providing trade finance: “This award is testament to our long-standing commitment to working with local banks to ensure the steady flow of trade in and out of the CEE region – which is essential to its continuing development. Our strong network of partner institutions and local representative offices provides us with the on-the-ground expertise necessary to drive trade.”
In addition, Hans Krohn, Regional Head Russia and Belarus, explains that “Commerzbank has upgraded its trade and cash management processing systems to improve efficiency, transparency and customer satisfaction.”
The Banker magazine provides economic and business intelligence to the financial sector globally. Coverage of its 2016 Transaction Banking Awards can be found in the September edition of the magazine (note: a subscription is required).