IFC's Trade Finance Partners: Providing Critical Support

Trade is the lifeblood of the world economy, with the import and exports of goods driving economic growth and job creation. Going back to ancient times, whether by camel caravan or sailing vessels and now by air, container ship or roads, trade has brought people together and increased prosperity.

But for too many businesses in emerging markets, the finance that underpins the global trading system is out of reach. That is why IFC started its Global Trade Finance Program in 2005 and expanded to other trade and commodity finance programs beginning in 2009. Now covering about 240 financial institutions in about 74 countries around the world, the program remains a critical form of support for thousands of underlying businesses in emerging markets, especially at a time when some global banks are starting to reduce their support for trade finance due to de-risking.

In FY 2021, our Global Trade Finance Program supported transactions worth $6.2 billion globally. Through the program, IFC supported $4.2 billion trade in IDA countries and Fragile and Conflict Affected States.

None of this would have been possible without the support of our trade finance partners. IFC is grateful to recognize its leading partners with the presentation of its 10th Annual Trade Awards. Awards are bestowed on Global Partners; on regional partners in the Middle East & Africa; Latin America, the Caribbean & Europe; and Asia; and for Operational Excellence. IFC congratulates each winner and thanks them for their continued partnership.

Congratulations to this year's winners: 

Best Issuing Bank Partner in Africa Nigeria Access Bank Nigeria
Best Bank Partner in Fragile Countries in Africa Liberia GT Bank Liberia
Fastest-Growing Bank Partner in Africa Nigeria FCMB
Best Bank Partner for Climate Trade in Africa Nigeria CMB
Best Bank Partner for SMEs in Africa Kenya I&M Bank
Best Bank Partner for Women in Trade in Africa Burkina Faso Coris Bank
Best [Agri-Import]/[Issuing] Partner Bank in Southern Africa Angola BNI Angola
Best Regional Confirming Bank in Africa South Africa RMB
Best Regional Trade Finance Partner Bank in Africa South Africa ABSA BANK LTD
Best Issuing Bank Partner in EAP Vietnam Vietinbank
Best Bank Partner in Fragile Countries in EAP Mongolia Khan Bank
Fastest-Growing Bank Partner  in EAP Vietnam Vietnam International Bank
Best Bank Partner for Climate Trade in EAP Vietnam Vietinbank
Best Bank Partner for SMEs in EAP Cambodia Acleda
Best Bank Partner for Women in Trade in EAP Vietnam Tien Phong Bank
Best Digital Bank in EAP Vietnam VP Bank
Best Regional Confirming Bank in EAP England Standard Charter Bank
Best Issuing Bank in Turkey (TIE)  Turkey Yapi Kredi Bank & GarantiBBVA
Best Issuing Bank in Eastern Europe Ukraine Ukrgasbank
Best Issuing Bank in Central Europe Serbia Eurobank AD, Beograd 
Best Issuing Bank in Caucasus Armenia Ameriabank
Best Issuing Bank in Central Asia Uzbekistan Ipak Yuli
Best Bank Partner for Climate Trade in Europe, Central Asia and Turkey Turkey GarantiBBVA
Best Regional Confirming Bank in Europe, Central Asia and Turkey Switzerland Credit Suisse
Best Issuing Bank in LAC Brazil Banco Santander
Best Bank Partner for SMEs in LAC El Salvador Banco Davivienda
Best Bank Partner for Women in Trade in LAC Brazil Banco Santander
Best Bank Partner in IDA Nicaragua Banpro
Most Active Bank in Central America Guatemala Banco Industrial
Most Active Bank in Andean Ecuador Banco Bolivariano
Best Regional Confirming Bank in LAC Ecuador Pichincha 
Best Issuing Bank supporting SMEs in MENA West Bank & Gaza Bank of Palestine
Best Issuing Bank in South Asia Bangladesh The City Bank
Best Bank Partner for Equipment Trade in South Asia Bangladesh Prime Bank
Best Bank Partner for Climate Trade in South Asia Bangladesh Bank Asia
Fastest Growing Bank in South Asia Sri Lanka Commercial Bank of Ceylon
Best Regional Confirming Bank in South Asia Spain Caixa Bank
Best Confirming Bank  Spain Caixabank
Best Trade Finance Portfolio Partner Bank Germany  Commerzbank
Best Trade Finance Innovation Partner Bank USA J.P. Morgan
Best Risk Sharing Partner Bank Japan  SMBC
Best Operations Partner Bank USA Citibank
Best Operations Bank in Africa Nigeria Zenith Bank PLC
Best Operations Bank in EAP Vietnam OCB
Best Operations Bank in Europe, Central Asia and Turkey Turkey Alternatif Bank
Best Operations Bank in LAC Brazil Banco ABC
Best Operations Bank in MENA Pakistan Habib Metropolitan Bank
Best Operations Bank in South Asia Nepal Siddhartha Bank