OREANDA-NEWS. February 03, 2011. Citi has been named Best Trade Finance Provider in Russia and globally in Euromoney’s 2011 Trade Finance Survey. The survey reflects clients’ recognition of Citi’s leadership, expertise, innovative solutions and superior client service in the space, reported the press-centre of Citi. 

"We continually strive to deliver exemplary service and tailor made solutions to our clients. With this in mind, we’re very pleased our market-leading presence in Russia has been recognized in Euromoney’s Trade Finance Survey," said Emre Karter, Head of Global Transaction Services at Citi Russia and CIS. "We are focused on helping our clients succeed and will continue to deliver best-in-class solutions to support their goals."

In 2010 Citi extended to Sberbank a series of Trade Advances for the total amount of USD 350 million in the form of one- year trade-related bilateral loans for Trade Financing purpose of Sberbank customers. This was a milestone deal for Citi and Sberbank. Realization of trade related bilateral loans program enabled Sberbank to offer its clients new, more competitive products for the purpose of financing their foreign trade activities.

The Euromoney Trade Finance survey has become an industry standard by which financial institutions are evaluated for their level of expertise and service provided to their clients. Voting largely comes from corporate clients and those with specialized sector expertise. Among the important factors considered in the survey when were relationship management, competitive pricing, innovative solutions, emerging market knowledge, global trade network, online trade finance capabilities, risk management, structured trade finance and supply chain finance.