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20 Jul 2015

Belarusbank receives award from Commerzbank AG

MINSK, 20 July (BelTA) – Belarusbank has received an award from Commerzbank AG for cooperation in trade finance transactions, international trade and high quality of international payments in 2014, BelTA learnt from the press service of the Belarusian bank.

“Western partners praised business contacts of OAO ASB Belarusbank with foreign financial institutes in the international trade finance. Such assessment demonstrates the bank’s unswerving compliance with its obligations to western partners,” specialists noted.

Attending the award ceremony was Commerzbank AG Regional Head Russia/Belarus Hans Jorg Krohn and Head of Commerzbank AG Representative Office in Belarus Hovsep Voskanyan.

Belarusbank and Commerzbank AG have been cooperating for more than 20 years. The award for excellent cooperation in trade finance from Commerzbank AG has been presented to the Belarusian bank for the third year in a row.

Commerzbank is Germany’s banking concern with assets reaching € 600 billion. Founded in 1870 the bank employs 36,000 people that serve nearly 8 million clients in more than 40 countries.

The public joint-stock company (OAO) ASB Belarusbank is the country’s largest financial and credit institution. It offers over 100 kinds of banking services and products. It is the 12th largest bank in Central and Eastern Europe in terms of capital size.

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