Apart from receiving the top ranking in Bulgaria, UniCredit was given such award also in another four CEE countries and in Italy

UniCredit Bulbank received a top ranking from the international financial magazine Euromoney in the annual poll on the best providers of such services in the local markets in countries worldwide. More than 1 500 leading international companies that use trade finance products took part in the poll.

Besides the top ranking in Bulgaria, certain banks from the UniCredit Group were rated the best in the field of trade finance also in another four CEE countries as well as in Italy. Apart from highlighting the commitment of UniCredit to the CEE region, these awards also place the Group in the Top 5 of providers of services in the field of trade finance worldwide, which indicates a significant improvement compared to last year.

The strong global network, the risk management and knowledge on the developing markets were the key drivers, which led to the excellent poll results of UniCredit in the following categories: trade documentation, Supply Chain Finance, innovation and structured trade finance.

Federico Ghizzoni, UniCredit CEO commented on the award: “We are delighted to be ranked as one of the most innovative and efficient Trade Finance providers in the world. We are proud to serve companies globally, regardless of their size. Being amongst the top global players in this field is yet another example of how UniCredit can help businesses at all stages of their development to grow and prosper; no other major bank can offer customers such a robust commercial banking network in Western and Central-Eastern Europe.”

Marco Bolgiani, head of Global Transaction Banking at UniCredit commented: "The Best Trade Finance bank award means that our clients have recognized our overall efforts in setting the market standard in areas that are about to develop yet."

The award for Bulgaria

UniCredit Bulbank is a market leader in the field of trade finance. The product line range includes documentary letters of credit and their related services such as L/C confirmation and redemption of receivables, bank guarantees, documentary and net collections.

The bank is a reliable partner to companies with internal trade activities thanks to its many years of experience and good reputation abroad, as well as the highly developed network of correspondent banks across the world. The bank’s advisory teams consult the companies at every stage of execution of their external trade transactions – from contract signing to the final payment.

„Trade finance products provide a possibility for mitigating the risks related to external trade transactions and they can be a source of liquidity. Their advantages are most notable when entering new, risk markets or in periods of increased economic insecurity, like the period we are currently in.", said Mladen Zapryanov, Head of Global Transaction Banking at UniCredit Bulbank.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, еlbufsjob/bodifwbAvojdsfejuhspvq/ch

More information for clients: UniCredit Bulbank, Call Centre Phone: 0700 1 84 84