Societe Generale receives three awards for 'Best Trade Finance Bank' in France, Czech Republic and Romania - Global Finance Magazine 2016
Societe Generale received three awards for ‘Best Trade Finance Bank’ in France, Czech Republic and Romania during the Global Finance Best Trade Finance and Supply Chain Bank awards* eremony at the BAFT Global Annual Meeting in Paris.
The bank retains its first place for the second year in a row in its domestic market, confirming its position as the leading international trade Bank in France. In addition, the development of its trade finance franchise efforts were also rewarded with two more awards this year: Komerční banka in Czech Republic and BRD for Romania.
These three awards recognise Societe Generale’s trade finance services expertise and the commitment of its teams across Europe to help importers and exporters develop their businesses internationally.
Building close relationships with its customers enables the bank to offer tailored advice and innovative solutions for clients’ payment security issues and financing needs.
With trade teams in more than 55 countries, and correspondent relationships with over 800 financial institutions, Societe Generale’s expert solutions and network allow clients to secure and finance their cross-border trade across the world.
* Global Finance is a monthly publication providing news and analysis about companies and financial institutions since 1987. Its audience includes Chairmen, Presidents, CEOs, CFOs and Treasurer across 163 countries. Each year Global Finance selects the best financial institutions around the world. These awards have become a recognized and trusted standard of excellence. Global Finance names the World’s Best Trade Finance Banks in 7 regions, 91 countries and globally in an exclusive survey. The editors of Global Finance select the best trade finance providers based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership is conducted in order to increase the accuracy and reliability of the results. Criteria for choosing the winners included trade-related transaction volume, scope of global coverage, customer service, competitive pricing, risk management and innovative products, services and technology. The winners are those banks that best serve the specialised needs of corporations as they engage in cross-border trade.
* BAFT: Bankers Association for Finance and Trade, BAFT is the association for organizations actively
engaged in international transaction banking.