Bank Millennium is best in trade finance according to Global Finance Magazine

- It is an extremely important award for us. Our efforts were appreciated by independent international experts. Last year was for the bank a period of growing popularity of e-guarantees or guarantees granted in electronic version, which bear a qualified electronic signature of Bank Millennium employees. In 2019 already one out of four guarantees was issued in this form. Customers appreciate simplification of circulation of documents, shortening the time to process orders, greater transparency and reduction of costs – Joanna Zembalska, Head of Trade Finance Sub-unit in Bank Millennium, said.

This year’s winners of the competition were selected by editors of Global Finance Magazine in cooperation with sector analysts, technology experts and senior business managers. Selection criteria comprised: volume and size of transactions, scope of global reach, customer service, competitive pricing and innovation of technologies used.

- Trade finance is on the cusp of a great leap forward as the promise of new technologies is realized in practical solutions to trade impediments. Global Finance magazine’s Trade Finance Award winners are leaders in developing and taking advantage of new capabilities, while also monitoring global trends to deliver clients key insights on both trade and finance – Joseph D. Giarraputo, Publisher and Editor in Chief of Global Finance, said.

The report with complete worldwide results of the competition shall be published in the February issue of Global Finance Magazine.

Global Finance Magazine, published since 1987, has readers in 163 countries. Global Finance Magazine is targeted at senior corporate and financial officers responsible for taking investment and strategic decisions in international corporations and financial institutions. Global Finance’s HQ is in New York with offices in London and Milan. The magazine regularly awards best banks and other financial providers.