EBRD Trade Facilitation Programme honours partner banks

By Axel  Reiserer

EBRD tfp

Trade Facilitation Programme 2016 awards at the EBRD Annual Meeting and Business Forum

TFP Awards ceremony at Bank’s 2016 Annual Meeting

The EBRD Trade Facilitation Programme (TFP) has honoured its most successful partner banks in a ceremony at its traditional TFP meeting on the eve of the Bank’s 2016 Annual Meeting in London.

Opening the event, Nick Tesseyman, EBRD Managing Director, Financial Institutions, said: “Over the last 15 years the TFP has gained recognition and appreciation from the industry and from its clients. The programme has played a key role in supporting the growth of small- and medium-sized firms that are crucial for sustainable growth and job creation.”

The awards winners for special achievements and distinguished performance in 2015 were:

Award for 2015

Winner

Most Active Issuing Bank in ARMENIA

Araratbank OJSC

Most Active Issuing Bank in AZERBAIJAN

Muganbank OJSC

Most Active Issuing Bank in BELARUS

Priorbank RZB Group

Most Active Issuing Bank in BULGARIA

Eurobank Bulgaria

Most Active Issuing Bank in EGYPT

Commercial International Bank

Most Active Issuing Bank in GEORGIA

Bank of Georgia

Most Active Issuing Bank in JORDAN

Bank Al Etihad

Most Active Issuing Bank in KYRGYZ REPUBLIC

Demir Kyrgyz International Bank OJSC

Most Active Issuing Bank in FYR MACEDONIA

Komercijalna Banka AD Skopje

Most Active Issuing Bank in MONGOLIA

Khan Bank

Most Active Issuing Bank in MOROCCO

Banque Centrale Populaire

Most Active Issuing Bank in ROMANIA

Alpha Bank Romania SA

Most Active Issuing Bank in SERBIA

Eurobank a.d. Beograd

Most Active Issuing Bank in TAJIKISTAN

OJSC Bank Eskhata

Most Active Issuing Bank in TUNISIA

Banque Tuniso-Koweitienne

Most Active Issuing Bank in TURKEY

Şekerbank T.A.S.

Most Active Issuing Bank in TURKMENISTAN

Rysgal Bank JSCB

Most Active Issuing Bank in UKRAINE

Raiffeisen Bank Aval PJSC

Most Active TFP Confirming Bank

Commerzbank AG

EBRD and ICC Academic excellence award

Belarusky Narodny Bank

Deal of the Year – Intra-Regional Trade

Construction of a new three-lane 90 kilometre road in Egypt

Eurobank Cyprus Ltd

 

Deal of the Year – Social Impact

Modernising the provision of medical care in Armenia

Converse Bank CJSC

Deal of the Year – Energy Efficiency

Improving the energy efficiency of greenhouse infrastructure in Armenia

Ameriabank CJSC     

 

Overall Deal of the Year

Construction of a new three-lane 90 kilometre road in Egypt

 

Eurobank Cyprus Ltd

 

The EBRD’s TFP, launched in 1999, promotes foreign trade to, from and amongst the Bank’s countries of operations and offers a range of products to facilitate this trade. Through the programme the EBRD provides guarantees to international confirming banks, taking the political and commercial payment risk of international trade transactions undertaken by banks in the countries of operations (the issuing banks). To date, the EBRD has supported over 18,400 transactions, totalling more than €12.8 billion.

The award ceremony was preceded by panel discussions about new directions in trade finance, especially exploring gaps and constraints in trade finance solutions for imports of energy efficient machinery and equipment. Rudolf Putz, Head of the EBRD TFP, said: “Our programme is well-established in the market and we are proud that – together with our partner banks – we can make an active contribution to economic growth. For us this means that we will continuously explore new areas and activities where we can be relevant.”

The annual TFP awards were presented by Ambassador Chih-Kung Liu, Head of the Taipei Representative Office in the UK and main sponsor of the event. The evening concluded with a joint dinner to mark the EBRD’s 25th anniversary.