Pan-European bank recognised by market participants as number one choice for trade finance in Italy, CEE and a further nine countries
UniCredit has been recognised as the Market Leader and Best Service Provider in Italy, Central & Eastern Europe and a further nine individual countries - including Austria - in Euromoney's latest Trade Finance Survey.
The survey, now in its thirteenth year, collected feedback from over 13,000 corporates and financial institutions, providing compelling evidence of UniCredit's product expertise, market-leading customer service and deep understanding of its core European markets.
The results benchmark banks under two headings - 'Best Service', which assesses levels of customer service, and 'Market Leader', which combines penetration, percentage of business and turnover data to create an overall ranking of the best trade finance banks.
The survey is largely regarded as the benchmark for the global trade finance industry.
Commenting on the recognition, Francesca Nenci, UniCredit's Global Head of Trade & Correspondent Banking, said: "Despite geopolitical tensions complicating trade, we have kept our clients at the centre and remained steadfast in providing best-in-class products and services. Our concerted push towards digitalisation and the simplification of paper-based processes has been fundamental to our success in this year's survey and the defence of our position as the trade finance bank of choice across Europe."
A full breakdown of results are as follows:
UniCredit voted Best Service Provider in:
- Italy
- Central & Eastern Europe
- Austria
- Bosnia and Herzegovina
- Croatia
- Czech Republic
- Romania
- Serbia
- Slovakia
UniCredit voted Market Leader in:
- Italy
- Central & Eastern Europe
- Austria
- Bosnia and Herzegovina
- Bulgaria
- Czech Republic
- Hungary
- Romania
- Serbia
- Slovakia
In recent years, UniCredit has championed innovations and deployed market-leading solutions such as Trade Finance Gate (TFG), a modern digital platform that allows corporates to digitally manage their trade finance transactions. With such products, the bank has not only been able to offer clients an increasingly digital trade experience, but it has also effectively streamlined and digitalised its internal operational processes. This, in turn, has given the bank more time to focus on more strategic conversations with clients.
This win follows UniCredit's recent success at the 2024 TMI Awards, where the bank was highly commended for its Trade and Supply Chain Finance Solution, Trade Finance OCR (TFO).
Milan, 27 February 2024
For further information, please contact: mediarelations@unicredit.eu