he Awards for Excellence by Trade Finance Magazine is an annual landmark poll of the best performing trade finance institutions as voted for by the industry. ADCB is the first UAE local bank to be amongst the top five ranking banks in the MENA region for its Trade Finance services.
Mr. Krishnakumar Duraiswamy – Head of Trade Finance, at ADCB said, “The Awards for Excellence by Trade Finance is one of the most prestigious awards in the industry. Over the last twelve months we have worked tirelessly to enhance our offering and to raise the quality and standard of Trade Finance in the UAE and broader region. It is a great honour, and truly rewarding to receive recognition from our peers for our advancements in this regard. At ADCB we understand our clients’ needs and we remain committed to delivering best-in-class products to the market.”
ADCBs Trade finance products and solutions are structured around client’s business needs in imports, exports, re-exports, guarantees and short-term financing. ADCBs Trade finance product suite include letters of credit, letters of guarantee, confirmation of documentation credits and documentary credit collection, receivables financing and trust receipts. ADCB also provides customers with structured trade solutions and assistance with Export Credit Agencies backed financing. With due emphasis on online real-time channels, the client has access to end-to-end visibility of transaction and account status.
In 2010, ADCB launched its online trade finance platform, ProTrade, allowing customers to manage their trade transactions from anywhere at any time while at the same time reduces trade cycles, automate supply chains and reduce operating costs, making international trade financing quick, easy and secure.