OREANDA-NEWS. August 19, 2014. Commerzbank AG, Germany, one of the largest banks in the world, on the 6th of August 2014 presented representatives of BPS-Sberbank with its corporate award for excellent cooperation in the sphere of trade finance on the basis of 2013 year-end results. T

he stated Trade Award was given by Commerzbank AG for the first time and BPS-Sberbank became one of the first banks to receive this honorary award.

BPS-Sberbank and Commerzbank AG have many years of successful cooperation experience in the sphere of financing international trade and documentary operations. As of today a wide range of products – from standard operations of issuing letters of credit and guarantees to complex-structure products with attraction of long-term resources – is marketed between the two banks.

“Our goal is to become a real center for servicing international trade for our customers, which offers a full range of services for performing international operations, including those that involve foreign banks. Receipt of this award from one of our oldest and most respectable partners is an acknowledgement of professional competence of our employees and high quality of our service in the sphere of trade finance and documentary operations”, - stated Vladimir Koleda, Senior Deputy Chairman of the Board.

BPS-Sberbank traditionally is one of the leaders in the sphere of trade finance on the market of the Republic of Belarus. In 2013 the volume of issued international letters of credit and bank guarantees exceeded 800 million US dollars in equivalent. The Bank has many years of experience of working in the sphere of international business, it has a large network of partner-banks, and big opportunities for attracting international credit resources and for developing individual solutions to structuring foreign trade deals.