According to the magazine's just-published Global Finance Awards, BBVA is once again Uruguay's top trade finance bank. Global Finance editors, along with business executives and technology experts, recognize BBVA as one of the most prestigious and award-winning banks in the world. The standard of excellence in the financial industry.
winner of Best Trade Finance Provider 2024 They were selected based on their performance over the past year on a range of parameters including transaction volume, global coverage, customer service, competitive pricing, and innovative technology.
Joseph D. Giaraputo Founder and Editor-in-Chief of Global Finance said: “Digitalization and emerging technologies are emerging as a challenging economic and geopolitical environment and changing trade flows cause banks and their corporate customers to seek security during the transition phase. “There is an increasing reliance on it,” he said. In this sense, Giaraputo feels that banks are finding new ways to engage with the ecosystem, given the growing demand for environmental, social and governance (ESG) policies.
For Paola Baiocchi, Head of International Trade at BBVA Uruguay, this recognition, for the fourth year in a row, “reaffirms the merits of the BBVA Group’s strategy. Putting the client at the center of your businessaims to be at the cutting edge, anticipate their needs and provide innovative and competitive solutions that serve as tools to maximize trade flows, in this case with Uruguay. ” Mr. Baiocchi also emphasized the competence and dedication of the local team and the continued support and synergy with all divisions that make up the BBVA Group.
In addition to the awards given, BBVA Uruguay, The group also won the award for Best Trade Finance Bank in Latin America, among others.
In addition to Traditional products offered by banks (e.g. international guarantees, letters of credit, A/B loans, etc.), the publication points out BBVA's significant investments in digitalisation and also has committed €300 billion to support the fight against climate change. It also highlights BBVA's sustainable business goals for 2025, including:
Global Finance magazine specializes in financial markets and investment banking. Since 1987, we've helped corporate leaders, bankers and investors chart the course of global business and finance. The annual awards recognize excellence and serve as a benchmark for quality and trust.
