UniCredit surges to number one in CEE in Euromoney's Cash Management Financial Institutions Survey
Benchmark independent survey of financial institutions elects UniCredit as the Market Leader for cash management in Central & Eastern Europe across the All Currencies, US Dollar and Euro categories, while also ranking the bank number one for "Best Services"
UniCredit has cemented its status as the leading cash management bank in Central and Eastern Europe (CEE) by claiming top honours in Euromoney's Cash Management Survey - Financial Institutions. In an impressive haul, the bank secured the top spot in the "Market Leader" rankings for the overall All Currencies categories, as well as the individual Euro and US Dollar rankings.
This builds on the previous year's already impressive results, with the bank rising four places in the All Currency rankings and two places in the Euro rankings to reach top spot in both cases, reflecting the ability not only to maintain client support through challenging times, but also to continuously develop and improve services with innovative solutions.
"We are delighted to receive such a strong set of results, reflecting our comprehensive strength in CEE," says Fabio Fornaroli, UniCredit's Head of Corporate & Investment Banking in Central & Eastern Europe. "This recognition demonstrates the resilience of our business through the difficult times of the COVID-19 pandemic, maintaining - and even raising - our service levels in the face of an unprecedented challenge. My thanks go out to our Cash Management team whose hard work and expertise drive our best-in-class GTB solutions, as well as to our trusted and valued clients for their continued support."
Conducted on a yearly basis, the survey takes in the opinions of cash managers, treasurers and financial officers around the world, using their feedback to comprehensively establish the best providers in the market. Leading financial institutions were asked to indicate which banks they currently use most for their cash management services and to rate their most used cash managers across various service categories.
The survey results follow successive award wins for UniCredit in Central and Eastern Europe. Recent honours include Best Service Provider for Cash Management and Market Leader for Cash Management in Euromoney's Corporate Cash Management Survey as well as Best Trade Finance Bank in CEE and Best Supply Chain Finance (SCF) Provider in CEE at Global Finance's Trade and Supply Chain Finance Awards 2021. In 2020, the bank also picked up the award for Best Bank for Transaction Services in Central & Eastern Europe - along with five other accolades - in Euromoney's Awards for Excellence 2020.