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Monday, July 15, 2013

EXPORT-IMPORT BANK NAMED WORLD'S "BEST EXPORT CREDIT AGENCY"

FROM:  U.S. EXPORT-IMPORT BANK
Ex-Im Bank Recognized as World’s “Best Export Credit Agency” by Trade and Forfaiting Review Magazine

London, United Kingdom – The Export-Import Bank of the United States (Ex-Im Bank) has received the world's "Best Export Credit Agency" award by Trade and Forfaiting Review (TFR) as part of their 2013 Excellence Awards, the publication has announced.

Ex-Im Bank Chairman and President Fred P. Hochberg said, "We are very honored to receive this award. Being named the world's 'Best Export Credit Agency (ECA)' recognizes the hard work and innovation that the Ex-Im Bank staff has put in to create and support American jobs and increase the global competitiveness of U.S. exporters." Hochberg added: "This is the second award we've received in the past several weeks naming us the "best ECA" in the world, a clear acknowledgement of the success of Ex-Im's focus on meeting the export financing needs of U.S. exporters, foreign buyers, and lenders."

Clarissa Dann, editor of Trade and Forfaiting Review, a global magazine dedicated to trade and commodity finance information provision, said: "TFR's awards have been one of the high spots of the trade finance calendar and the sheer scale of the U.S. Ex-Im Bank's support for exports to over 150 countries, along with the innovation displayed in the actual deals ­– plus its ability to work with its private sector partners has clearly inspired a new tranche of voters." On behalf of all here at TFR, well done and keep up the good work!"

The TFR 2013 Excellence Awards will appear in the July/August edition of Trade and Forfaiting Review with the full winner profiles forming a special focus.

Additionally, in late June Trade Finance Magazine gave Ex-Im Bank a number of awards including "Best Global Export Credit Agency" (ECA) for the second time and the "Best ECA in the Americas" for the fourth consecutive time.