BCC – The Most Active Issuing Bank for Trade Finance Products in Kazakhstan according to the European Bank for Reconstruction and Development
On 14 May 2024, an award ceremony was held in Yerevan, Armenia, as part of the information session of the EBRD’s Trade Facilitation Programme (TFP). The event took place during the 33rd EBRD Annual Meeting and Business Forum, where Bank CenterCredit was awarded as the Most Active Issuing Bank in Kazakhstan. The winners of the award are selected by the EBRD based on the number of transactions made under the TFP.
«BCC is one of the leading banks in Kazakhstan in terms of trade finance products, has an extensive network of counterparties and a positive business reputation in the international banking market. It is a great honor for our Bank to be recognized by the EBRD for our trade finance accomplishments and activity. It is worth noting that participation in the EBRD’s TFP Programme gives clients access to international trade around the globe on favorable terms and boosts the level of the Bank’s recognition and credibility in the international trade finance markets. Our victory in this award was possible thanks to the loyalty of our customers and the BCC team expertise. We look forward to further fruitful cooperation with the EBRD and an increase in the number of joint transactions», – commented Nurlan Shegebayev, Vice President of Bank CenterCredit
Bank CenterCredit has been a participating bank of the EBRD’s TFP Programme for many years as both a letter of credit issuing and confirming bank, which offers its customers and counterparties a unique opportunity to reduce the cost of trade finance products.
Under the TFP Programme, the EBRD provides guarantees to international commercial banks, thereby covering the political and payment risks of transaction undertaken by Bank CenterCredit in the EBRD regions of operation.
Bank CenterCredit jointly with the EBRD works on all types of trade finance instruments, such as letters of credit, standby letters of credit, counter-guarantees and guarantees. These instruments can be used to support imports and exports of all types of goods.
License No. 1.2.25/195/34 dated 03 February 2020 issued by the ARDFM