UBB AD distinguished by Global Finance as the Best Bulgarian Bank in Trade Finance for a third consecutive year
18 January 2021
The prestigious financial magazine Global Finance repeatedly distinguishes UBB as the Best Bank in Trade Finance in Bulgaria. The award is won by UBB for a third year in a row, the first dating back to Y2019. This is the 21st consecutive World’s Best Trade Finance Providers annual awards initiative of the international Global Finance magazine, praising the best banks in the field of trade finance among 102 countries worldwide.
The Global Finance ranking is made by the renowned editorial board that has turned the award into a high-performance standard in the financial sector, while distinguishing winners by applying subjective and objective criteria. Among the objective criteria are the volume of transactions, global coverage, profitability, customer services, competitive prices, innovation, etc. The subjective criteria involve the opinion of sector analysts, rating agencies, corporate managers, technological experts, clients and contractors in the industry. As a result, the winner banks are not necessarily the largest, the oldest or the most diversified ones, but rather the top performers in the field.
“The fact that we have won, for a third time, the Global Finance award, praising our work for a year like 2020, is an acknowledgment of the high level of professionalism and the extraordinary quality of the services, rendered by the UBB Trade Finance team. However, it is simultaneously an obligation to improve in a manner, allowing us to remain a benchmark in the country for the coming years”, commented Mr. Petar Andronov, CEO of UBB and Country Manager of KBC Group for Bulgaria.
Global Finance magazine was founded in Y1987. Its seat is in New York and it has over 50 000 subscribers and readers in 191 countries. Its audience involves senior corporate and finance officials, responsible for making investment and strategic decisions in multinational companies and financial institutions. For over 34 years the magazine has been nominating the leaders among banks and other financial services providers.