Eurobank most active issuing bank in Serbia
4 June 2015.
Belgrade, June 4th, 2015 – Competing with several hundreds of European banks, participants in the European Bank for Reconstruction and Development’s Trade Facilitation Programme in Tbilisi, Georgia, Eurobank AD Srbija has won the award as the most active issuing bank in trade facilitation in 2014. The main criterion for winning the award is the number of new guarantees and financed transactions via the EBRD’s Trade Facilitation Programme.
This award confirms Eurobank’s commitment to strengthening the presence of its clients in international trade and facilitating transactions and trade via the partnership with the EBRD.
The winners have been announced at a ceremony in Tbilisi, where the Annual Meeting of the EBRD members and the Business Forum with more than 200 participating banks interested in international trade and potential new Programme members have been organised as well.
In the region, the award for the most active partner bank and the most active issuing bank in Croatia has been won by Privredna Banka Zagreb, in BiH by Raiffeisen dd Bank, and in Macedonia by Komercijalna Banka AD Skopje.
Launched in 1999, the TFP aims to promote foreign trade to, from and among EBRD recipient countries. The TFP currently includes over 100 partner banks in 26 of the countries where the Bank invests, with limits exceeding €1.5 billion in total, and more than 800 confirming banks worldwide.
Launched in 1999, the Trade Facilitation Programme (TFP) gathers more than a hundred banks in 23 countries in the aim of promoting foreign trade among the EBRD members and takes the economic and political risks in international transactions to facilitate transactions and enable more efficient business operations. The programme strengthens the ability of local banks to be active in international trade and through banks provides direct support to businesses in simpler export-import procedures. The value of all transactions since the Programme launch reaches nearly EUR10bn.