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UniCredit Bank Austria Named Best Trade Finance Bank in Austria

Published: January 21, 2016; 18:00 · (FriedlNews)

US financial magazine "Global Finance" selected Bank Austria for the eighth time in a row "Best Trade Finance Bank" in Austria.

UniCredit Bank Austria Named Best Trade Finance Bank in Austria / Picture: © Global Finance

This is the result of an annual survey of analysts, managers and technology experts in 84 countries.

The main selection criteria for the Awards were transaction volume, geographic reach, customer service, competitive pricing and innovative technologies.

Dieter Hengl, Bank Austria Board for Corporate & Investment Banking: "This international award
on the one hand is a nice recognition for the excellent performance of our employees, on the other hand also a proof that we are a reliable companion for working internationally."

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.

“As global markets digest slowly improving economic conditions in the US, counterbalanced by the economic slowdown in China and the evolving role of the Chinese consumer, trade dynamics are changing,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

“In addition, both trade finance providers and the corporates who use their services are trying to understand how big developments on the regulatory and policy front-including the addition of the Chinese yuan to the IMF’s basket of SDR currencies-will affect their business. Corporates need trade finance partners who can help them adjust nimbly to those changes. With these awards, we aim to identify those partners.”