The prestigious international financial magazine Global Finance has named Raiffeisen Bank International (RBI) the Best Trade Finance Provider in Austria, Serbia, and Bosnia and Herzegovina. Additionally, RBI was recognized as the best in this category across the Central and Eastern Europe region, the magazine announced.

The winners were selected by the editorial board based on submissions from banks and other service providers, as well as the insights of industry analysts, corporate leaders, and technology experts. Criteria for selection included transaction volume, global coverage, customer support, competitive pricing, and innovative technologies, according to Global Finance.

Chris Giarraputo, founder and editorial director of Global Finance, stated that the trade finance and guarantees sector has demonstrated “resilience and innovation this year, with advancements in digitalization, the adoption of blockchain technology, and AI-based solutions that enhance efficiency and transparency.”

He added that this award recognizes financial institutions that have excelled in addressing client needs while “navigating challenges such as geopolitical uncertainty and regulatory complexity.”

It is also worth noting that earlier this year, Global Finance named Raiffeisen bank the Best Consumer Digital Bank Serbia for 2024. This recognition was awarded in three subcategories: Best Online Product Offerings, Best Mobile Banking App, and Best in Innovation.