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The award was announced at the closing session of the IFC's Global Trade Partners Meeting in late February 2014 in Lisbon, Portugal. This is the first time Techcombank has won such a title.
Techcombank won the Most Active GTFP Issuing Bank in East Asia title (from 2008 to 2010) and Best GTFP Issuing Bank in Asia" (in 2012) in the past.
GTFP, with more than 400 members all over the world, aims to extend and complement the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in emerging markets. Techcombank has extensively expanded the relationship with IFC and has now become the most active and largest customer of IFC in its GTFP programme.
“Our annual conference provides an unparalleled opportunity for our partners to learn from global experts and develop business leads in all regions,” said Georgina Baker, global head of Trade and Supply Chain Solutions at IFC.
“We are pleased to acknowledge those banks that innovated or worked extensively with IFC last year to support the growth of emerging market trade and help more countries and firms integrate into global supply chains," Baker added.
The award, once again, honours Techcombank’s effort and success in efficient implementation of GTFP to finance enterprises in Vietnam, simultaneously, reaffirms prestige, competitiveness and risk management capability of Techcombank – one of leading joint stock commercial banks in Vietnam.