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Rand Merchant Bank (RMB) was recently recognised for its achievements in the trade finance space, with three significant awards from Global Finance magazine. RMB won Best Bank for Structured Trade Finance - Global; Best Supply Chain Finance Provider - Africa and was awarded Best Trade Finance Provider - Namibia for the third time.
Reflecting on the awards, Louis Du Plessis, Head: Trade Finance at RMB said:
“We are proud to have been recognised as the best Structured Trade Finance bank in the world and the best Supply Chain Finance provider in Africa by Global Finance. These awards are testament to our relentless focus of providing our clients with world leading solutions to support their ambitions and enable the growth of their businesses.”
The global Structured Trade Finance award follows an unprecedented year for the sector, in which RMB remained resilient, delivered on key strategic drivers for clients and continued to grow its business. With global trade reducing substantially due to COVID-19, RMB continued to innovate and apply solutionist thinking to grow trade revenue for the financial year ending 30 June 2020. Market analysis confirms FirstRand Bank as one of the leading banks in Trade in Africa.
We are equally proud of our achievements in Supply Chain Finance, in which we were recognised for our work in Africa. RMB has always been a leading provider of Supply Chain Finance (SCF) solutions in South Africa. We continue to be at the forefront of the SCF evolution in South Africa and have taken our learnings in South Africa and positioned these solutions to clients in the rest of the continent.
Finally, we are proud of RMB Namibia for its continued achievements in Trade Finance n in the country, an example of consistent excellence in the field.
“We are grateful to Global Finance for recognising us in these categories, and to our clients across the African continent for their continued support. We are committed to providing world-class, innovative services and solutions to our clients that respond to and reflect our changing times,” concluded Du Plessis.
