Santander CIB’s Trade & Working Capital Solutions team wins ‘Best Trade Finance Bank’ and ‘Best Receivables Finance Provider’ accolades, from TFG Trade.
The awards recognise outstanding contribution to global trade, treasury and cross-border payments.
Santander CIB has transformed its receivables and trade finance offering over the past decade, and now offers ground-breaking products from its global centre of expertise for Trade & Working Capital Solutions.
Madrid, 5 October 2023.
Santander Corporate & Investment Banking (Santander CIB) was recently awarded ‘Best Trade Finance Bank’ and ‘Best Receivables Finance Provider’ at the prestigious TFG Trade, Treasury and Payments Awards 2023. The awards, now in their seventh consecutive year, recognise outstanding contributions to global trade, treasury and cross-border payments. This accolade follows Santander CIB’s awards earlier this year for ‘Best Deal 2022’ and ‘Best Supply Chain Finance’ from GTR, as well as Global Receivables Finance Provider of the Year by BCR.
The current global context - marked by supply chain disruption and inflation – have thrust trade finance and working capital management into the spotlight as companies need tools to build resilient supply chains and maintain healthy balance sheets. With that need in mind, over the past decade, Santander CIB has created a global centre of expertise for Trade & Working Capital Solutions, marked by constant product innovation, state-of-the art platforms and a relevant sustainability approach.
Santander CIB’s ground-breaking trade and working capital solutions enable it to help companies digitise their B2B sales, reduce the trade finance gap for SMEs and cover supply chain financing from end-to-end. Santander CIB have also put great emphasis on digitisation and embedding ESG in trade finance, closing several transactions with an ESG angle.
Mencía Bobo, global head of Trade & Working Capital Solutions at Santander CIB, said: “We are extremely grateful and delighted to have won these TFG awards, which are proof of the hard work, market anticipation and pioneering approach of Santander CIB's Trade & Working Capital Solutions team. Innovation is at the core of our culture. Powered by our true commitment towards digitisation and sustainability and a strong willingness to expand our business beyond any barrier, we are proud to stay ahead of the curve in the trade finance arena.”
Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that help our communities prosper.