The Bank of the Philippine Islands (BPI) was recognized as the Best Trade Finance Provider in the Philippines by Global Finance, a leading corporate finance magazine, during the 13th Trade & Supply Chain Finance Awards and closing luncheon of the BAFT (Bankers Association for Finance and Trade) Global Annual Meeting.

The Bank received the award in Frankfurt, Germany, on January 15, after the said publication acknowledged BPI Trade and Supply Chain’s (TSC’s) strong performance during the eligibility period for the awards.

With a market share of 23 percent, BPI continues to gain dominance in the Philippine trade services industry by focusing on marketing strategies relevant to economic trends and opportunities, and strengthening customer servicing.

John-C Syquia, EVP and Head of Corporate Banking, said that the consolidation of the Bank’s TSC and Cash Management Department to form the Transaction Services Division has strengthened its cross-sell strategies by optimizing the trading ecosystem.

“This award reflects our unwavering commitment to address our corporate clients’ most important financial needs, through solutions that deliver results. We are extremely grateful to the Global Finance Magazine for this recognition,” said Syquia.

Evaluated by the editorial review board, industry analysts, corporate executives, and technology experts, BPI won the key criteria after leading in transaction volume, scope of global coverage, customer service, competitive pricing, and innovative technologies.

Founded in 1987, the Global Finance’s annual TSC Finance Awards has become a trusted standard of excellence for the global financial community. With 33 years in the financial market, the publication also offers analysis and global news for corporate finance professionals.