SABB named best trade finance bank

The Saudi British Bank (SABB) has been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for 2015.
This is the 7th consecutive year that SABB has picked up this coveted award, widely acknowledging SABB as the pre-eminent trade finance bank in the Kingdom.
The recognition from Global Finance magazine comes after an assessment of transaction volumes, scope of global coverage, customer service, competitive pricing and innovation of the leading trade finance providers in the Kingdom.
This also takes into account feedback from key decision makers in multinational companies globally, alongside traditional input from industry analysts, corporate executives and technology experts.
In 2014, SABB continued its focus on client service, product innovation, and the development of trade opportunities for clients.
During the year, SABB successfully rolled out a number of key initiatives directed toward helping its clients grow their trade-related businesses.
The initiatives included an expansion of trade corridor initiatives with key trade partners of Saudi Arabia continued education of customers on emerging trends and risks associated with international trade through its “Trade Academy” and “Trade Confidence Index” initiatives; various customer engagements and thought leadership events with participation from key industry experts; extension of its product suite and services; and continued expansion of Renminbi (RMB) trade related capabilities, where it remains the leading bank in the Kingdom.
SABB provides unrivalled global connectivity through its association with HSBC Group, and a range of sophisticated and customized conventional and Shariah-compliant trade finance solutions to meet growing trade and supply chain needs of its clients.
Commenting on winning the award, Majid Abdulrahman Al-Gwaiz, general manager of Commercial Banking at SABB, said: “Customer service and experience remains a priority for us and we are delighted to win this award and to be recognized as the leading trade finance bank in the Kingdom.”
He said: “The award serves to highlight that we continue to lead from the front in providing innovative and customised solutions for the increasingly diverse, challenging and complex trade and supply chain needs of our clients and are proud to be recognized by them and the market in this respect.”