Nordea named Nordic No1 for Trade Finance, Working Capital and SCF

Nordea has been named both Best Trade Finance Provider and Best Supply Chain Finance Provider in the Nordic Region for 2018 by Global Finance Magazine. 

The awards were decided upon by Global Finance’s editorial review board with input from industry analysts, corporate executives and technology experts, who select the best providers of trade finance, supply chain finance and management services.

“Nordea is obviously very proud to receive these prestigious awards from Global Finance, based as it is on a wide range of crucial criteria. We are continuously looking to leverage new solutions and technologies to improve our game in trade finance, supply chain finance and working capital management and are on an exciting journey in terms of delivering better and better service to our customers across the Nordics,” commented Patrik Zekkar, Head of Trade & Working Capital Management Sales at Nordea. 

A variety of subjective and objective criteria are used in choosing the winners. Factors considered included: market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.

“New technologies have had dramatic impact on supply chain finance, where digitalisation is powering vast improvements in speed and accuracy of information. Our Supply Chain Finance Awards hone in on the leaders and upstarts with the most interesting and best ideas for easing their clients through transformative innovations to new levels of efficiency and profitability,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

The award ceremony took place on 17 January in London during the BAFT Global Annual Meeting and was attended by Crispin Rolt, Nordea’s Head of International Banks, Denmark.