News Column

ABC: Best Trade Finance Bank

January 27, 2014

New York -based Global Finance magazine has named the Arab Banking Corporation (ABC) as the Best Trade Finance Bank in Bahrain . ABC Algeria , one of ABC's subsidiaries, has also been named as the Best Trade Finance Bank in Algeria and the Best Foreign Exchange Provider. Global Finance has selected the best trade finance banks in more than 80 countries or regions, including the Middle East . The criteria for choosing the winning banks included the volume of transactions, scope of global coverage, customer service, competitive pricing and innovative technology. "An excellent trade finance bank is an essential partner for corporations as they expand their global reach," said publisher and editorial director of Global Finance Joseph D. Giarraputo . "It takes a strong international network, investment in technology and specialised talent to deliver the trade services and financial solutions that corporations need to succeed in today's increasingly competitive environment," he said. An awards ceremony for all winning institutions was held on 21 January in London . "We are very pleased with this award, which recognises ABC's leading role in the Middle East trade finance market and our customer service. This is the second year in a row we are winning the best trade finance bank award," ABC's Global Head of Trade Finance Paul Jennings , said. ABC is a leading international universal bank headquartered in Manama . The Bahrain bourse listed bank has a large network of subsidiaries, branches and representative offices across countries in the Middle East , Europe , the Americas and Asia . copyright

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Source: Daily Tribune (Bahrain)

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