The EBRD’s Trade Facilitation Programme (TFP), the key supporter of international trade in the EBRD regions, has announced the winners of its annual TFP awards at the Bank’s 2023 Annual Meeting Samarkand, Uzbekistan.
OTP Bank S.A. was awarded as the Most Active Issuing Bank in Moldova in 2022” for the 8th year in a row. This award recognizes our excellent Trade Finance product competence and our efforts to always find the best solutions for facilitating foreign trade of our clients.
For local companies, it means possibility to obtain more favorable payment terms for import of equipment, raw materials and other goods necessary for their business under use of Bank Guarantees and Letters of Credit confirmed by first class international banks in order to strengthen their position on international markets.
"We are extremely proud of this achievement, which is yet another demonstration of our continued commitment to innovation and facilitation of international trade. EBRD support through the TFP has played an important role in supporting trade, which has been affected by the situation in the region. OTP Bank will continue to focus its efforts on facilitating international trade, which is one of the pillars of global economic growth. We thank our clients for their trust in us as their financial partner in export and import transactions.", said Elena Guzun, Deputy CEO - Commercial Director Corporate Banking.
OTP Bank offers a wide range of instruments subject to international regulatory standards that meet the needs of importing and exporting companies, enabling them to minimize their risks, address new markets, and obtain financing and extended payment terms. The long-standing collaboration with the EBRD is a key element in OTP Bank's continued development to provide clients with support and confidence at the highest level.
OTP Bank S.A., offers a diverse range of Trade Finance products to enhance your trading status and achieve your international trade objectives. Always developing cooperation with well-known foreign banks and international financial institutions, OTP Bank S.A. is determined to further confirm its positions as one of the leading banks offering innovative Trade Finance solutions to the market.
Launched in 1999, the Trade Facilitation Program aims to promote foreign trade to and from the economies where the EBRD invests. Currently TFP includes over 100 of issuing banks from 26 countries. In 2022, TFP facilitated 1,768 transactions worth a record €3.6 billion through 91 partner banks.
You can receive free the consultation on Trade Finance solutions provided by experts of OTP Bank S.A.by calling 022 812 400 / 022 812 490 or by sending e-mail to: tradefinance@otpbank.md.
