RMBwinsGTRBestTradeFinanceBankinSouthernAfrica2020Award

 

Rand Merchant Bank (RMB) has been awarded The Global Trade Review (GTR) Best Trade Finance Bank in Southern Africa for the third consecutive year. The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain and export finance, and fintech markets.

Some of the notable achievements during 2019 which lead to the RMB Trade and Working Capital team receiving this award included growing trade business revenue by 22% for the financial year ending June 2019 despite the South African market growing less than 1%.

RMB also continues to be the largest South African Exporter Bank of physical gold into Asia and the UAE, as well as the market leaders in grain financing and cross border flows throughout the African continent.

 Further, in just over three years RMB has become the leading provider of Supply Chain Finance (SCF) solutions in South Africa based on the number of SCF programs implemented; and in 2019 the Trade and Working Capital team launched a state-of-the-art Trade Finance client front-end system, eTradePort™. This market-first means all clients in in South Arica (and Nigeria) can transact and view all trade instruments in one place.

 Said Chris Alderson, Head, RMB Trade and Working Capital: “Winning the GTR Best Trade Finance Bank in Southern Africa for the third consecutive year is testament to our client centred approach, capabilities, expertise and our ongoing drive to be a truly African bank for Africa.”

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