Commerzbank wins EBRD Award Commerzbank wins EBRD Award

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Commerzbank – the EBRD’s top confirming bank for the 16th consecutive year

In June 2020, Commerzbank was named the Most Active Confirming Bank for 2019 as part of the European Bank for Reconstruction and Development’s (EBRD) annual Trade Facilitation Programme (TFP) awards.

Upon announcing the winners of the TFP Awards, Francis Malige, EBRD Managing Director, Financial Institutions, says: “Trade finance is key to boosting economic development and growth across the EBRD’s regions of operations. Our partner banks help to make this happen, by providing the financial means and support that allow companies to identify, explore and conquer new markets.”

“Through our annual TFP awards,” Malige adds, “we are proud to recognise the achievements of partner banks in 27 countries, who are making a real impact and creatively use EBRD’s financing products to support international trade.” 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.

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