Mashreq wins UAE’s Best Trade Finance Provider
Global Finance magazine has awarded Mashreq, one of the UAE’s leading financial institutions, the ‘Best Trade Finance Bank in the UAE’. The award comes as part of the magazine’s “World’s Best Trade Finance Providers 2010” awards recognizing Mashreq’s efforts for its online advanced techniques.
The panel of global judges included Global Finance editors, with input from industry analysts, corporate executives and technology experts chose the leading trade finance banks across 71 countries or regions. Criteria for choosing the winners included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies
"We're delighted that our efforts have been rewarded by such a prestigious title as Global Finance. Mashreq is committed to constantly providing our customers with the latest and most advanced banking techniques. We are one of the region's first banks and supporters of local and international trade, which plays an important role in the economy." Said Abbas Hasan, Co-Head Corporate & Investment Banking Group, Mashreq
With over 40 years of local, GCC and international market experience, Mashreq through its centralized trade services department has been at the forefront of offering its clients a complete range of innovative trade finance solutions from import and export financing, cross currency hedging, cash management, factoring and a host of other receivable financing solutions.
The magazine’s audience includes CEOs, treasurers, CFOs and other financial officers making investments and strategic business decisions for large global companies and financial institutions.