The European Bank for Reconstruction and Development (EBRD) announced the winners of the annual awards of the EBRD-Trade Facilitation Program (TFP) at its annual meeting in Morocco.
OTP Bank (Moldova) was awarded the prize for “The most active issuing bank in Moldova in 2021”, which is an important recognition of the team's efforts and commitment in supporting the international trade of customers by issuing bank guarantees and letters of credit documentation confirmed by first class banks.
"We are delighted to have met our partner banks in person again, after two years, to celebrate their achievements. Trade finance is key to boosting economic development and growth. and we are extremely proud of the efforts of our partner banks – among them, OTP Bank, Moldova, to continue to support trade at this critical time” said Rudolf Putz, Head of TFP.
"We highly appreciate our cooperation with the EBRD, including in developing solutions to facilitate international trade. The EBRD's distinction confirms the importance that OTP Bank attaches to the quality of Trade Finance services and products, be they classic or "tailor-made", adapted to the specifics of customer contracts. It honors us and hires us alike. We encourage our customers to take advantage of the use of widely used Trade Finance instruments internationally to minimize the risks of foreign trade and negotiate more favorable payment terms.” said Elena Guzun, Deputy CEO - Commercial Director Corporate Banking, OTP Bank.
Launched in 1999, the EBRD's TFP program promotes foreign trade to and from the economies in which the EBRD invests. TFP currently includes more than 100 issuing banks in 26 countries.
OTP Bank offers a wide range of instruments subject to international regulatory standards that meet the needs of importing and exporting companies through which they can minimize their risks, approach new markets, obtain financing and extended payment terms. Long-term collaboration with the EBRD is a key element in OTP Bank's continued development to provide customers with the highest level of support and trust.
If you are involved in import/export business and are interested in finding out how these tools can be useful to you, you can consult the website or benefit from the free consultation provided by OTP Bank experts by calling 022 812 400/022 812 490 or e-mail: firstname.lastname@example.org.