Commerzbank wins EBRD Award Commerzbank wins EBRD Award

search

Certificate_jpeg

Commerzbank – the EBRD’s top confirming bank for the 17th consecutive year

In June 2021, Commerzbank was named the Most Active Confirming Bank for 2020 as part of the European Bank for Reconstruction and Development’s (EBRD) annual Trade Facilitation Programme (TFP) awards.

The EBRD Trade Facilitation Programme (TFP) honoured its most successful partner banks 2020 in a special award ceremony in the context of the first virtual TFP Information Session on the sidelines of the Bank’s 30th Annual Meeting. The prizes illustrated the depth and width of the EBRD’s flagship programme, which played an important role in upholding trade in the Bank’s regions since the outbreak of the coronavirus pandemic in early 2020.

Upon announcing the winners of the TFP Awards, Francis Malige, EBRD Managing Director, Financial Institutions, says: “As we mark our 30th anniversary, we can take great pride in our achievements. The TFP has played a key role in supporting the growth of small and medium-sized enterprises that are so crucial for job creation, as well as helping to create greater equality of opportunity across societies.”

“Many of our award-winning banks today”, he adds, “developed their trade finance businesses with our help and have made extensive use of EBRD trade finance as well as our award winning training programmes. Their success makes us extremely proud.”

The TFP Awards honour the most active issuing and confirming banks during the past year in delivering EBRD financing across its countries of operations. Launched in 1999, the TFP aims to promote foreign trade to, from and between the countries in which the EBRD invests. Through the programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors.

Contact

kontakt

For further information contact your relationship manager.

Top