Bank ABC wins ‘Best Trade Finance Provider in the Middle East’ award

TDT | Manama     

The Daily Tribune – www.newsofbahrain.com

Bank ABC, one of MENA’s leading international banks, has won the Best Trade Finance Provider in the Middle East, Best Trade Finance Provider in Bahrain, and Best Trade Finance Provider in Tunisia titles at Global Finance’s World’s Best Trade Finance Awards 2024.

Announced during the BAFT Europe Bank-to-Bank Forum in Frankfurt earlier this year, these awards underscore the Bank’s success in consistently delivering a highly tailored and empowered Trade Finance and Supply Chain Finance experience for its clientele worldwide.

This year’s edition of the awards recognised the most innovative financial institutions worldwide for tackling fragmented ecosystems and addressing the increasing demand for ESG solutions.

Bank ABC stood out from its regional peers for its remarkable transaction volume, scope of global coverage, customer service, competitive pricing and groundbreaking digitisation initiatives that have transformed the corporate banking landscape.

Bank ABC Group CEO, Sael Al Waary said: “This recognition underscores our ability to provide highly tailored solutions, while continuously investing in our digital transformation, creating a stronger, future-proof platform to serve our clients even better.”

Global Finance’s Publisher & Editorial Director, Joseph Giarraputo notes: “Bank ABC attained significant milestones following the successful deployment of the Guarantees and SBLCs modules on its Documentary Trade Platform.

These included the rollout of Export LCs and Documentary Collections modules, ensuring the new Documentary Trade platform provides coverage across all Documentary Trade product offerings.”