Kyiv. 24 January. - Raiffeisen Bank Aval won a country award as the Best Trade Finance Provider 2017 in Ukraine. Global Finance magazine named the 17th annual World’s Best Trade Finance and Supply Chain Finance providers in 9 regions, 83 countries and globally in exclusive surveys to be published in the February 2017 issue. The winners were named during the BAFT Europe Bank to Bank Forum closing session.

“Trade Finance is the area, where Raiffeisen Bank Aval is the competence center and may be extremely useful for its customers, especially in the geographical directions, where units of Raiffeisen Group are present”, commented Andreas Kettlgruber, Head of Multinational Companies & Trade Finance Servicing Division. “It is a great honor for us to receive such award, but it also means an increased responsibility. That is why, the year 2017 sets new ambitious tasks for us, such as: best quality service, new products, more consulting services for existing and new clients”, he added.

The editorial review board of Global Finance selected 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 was conducted in order to increase the accuracy and reliability of the results. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

The global winners of the survey are the following: Best Global Supply Chain Finance Provider (Non-Bank) – Orbian; Best Global Supply Chain Finance Provider (Bank) – Citi; Best Global Trade Finance Bank - BNP Paribas.

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 30 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.