The Asian Development Bank (ADB) has recognised ABBANK by awarding it the “Trade Deal of the Year” at the prestigious ADB Trade and Supply Chain Finance Program Awards 2022 (TSCFP Awards 2022) jointly with DBS Bank Limited. The announcement ceronomy held in Singapore on 06 September.The annual TSCFP Awards follow a rigorous evaluation process undertaken independently. The awards covered transactions from July 1, 2021 to June 30, 2022 and considered how ‘TSCFP’ the transaction was, by factoring in three main elements; Trade impact, Footprint and Partnership. It evaluated the impact the transaction has had on the country, the role it plays in helping the client improve their business, and how the ADB’s Trade and Supply Chain Finance Program contributed to the success of the transaction.
Sharing about the award, ABBANK's representative said: "In the context of strong growth in import and export trade, ABBANK has been developing financial solutions to support international payment transactions to be more convenient, safe and minimize risks. ADB's "Trade Deal of the Year" award once again affirms ABBANK's position and professionalism in the import-export finance market, bringing many benefits to customers and the domestic trade market with domestic and international partners”.
Through strong collaboration with partners and support from the TSCFP program, ABBANK constructed flexible working capital financing solutions for importers and exporters at an affordable cost, helping enterprises grow sustainably in production and business, especially recover after the Covid-19 pandemic.