CaixaBank has been recognised with the “Momentum Award for Confirming Bank 2023” at the Trade and Supply Chain Finance Program (TSCFP) Awards held by the Asian Development Bank (ADB). The award acknowledges CaixaBank as the confirming bank with the highest increase of transactions in the last year, considering both the number of transactions and their total volume.
In 2022, CaixaBank transacted more than €3 billion worth of trade finance programs with multilateral development banks. In Asia, where almost half of the total transactions are executed with ADB, CaixaBank reached a volume of €1.2 billion, representing an increase of more than 70% on the previous year.
The prizes were presented at the yearly TSCFP Awards which were held in Singapore and gathered 150 representatives of 45 banks participating in the programme. CaixaBank has participated in the TSCFP since 2004 as part of its firm commitment to boost foreign trade in emerging countries and to offer customers the best experience in the business financing process.
Through these programmes, CaixaBank furthers its position as a pioneering institution in terms of foreign trade finance solutions and strengthens its relationship with local banks in the jurisdictions that it operates in. CaixaBank has a commercial relationship with more than 1,800 international banks around the word to facilitate international.
CaixaBank's international presence
CaixaBank channels its international presence through its International Banking network of branches and representative offices worldwide and through cooperation agreements with first-rate international banks. CaixaBank also owns Portugal's Banco BPI, the fourth largest financial institution operating in Portugal in terms of assets.
CaixaBank's international network provides support to the bank's business customers that operate abroad, as well as to local corporations through the worldwide coverage offered by more than 210 specialists, nearly 30 international points of presence, and agreements with over 1,800 correspondent banks. This network provides access in 72 countries, which account for 82% of global GDP and 94% of Spain's international trade.
CaixaBank's International Banking network currently has branches in Germany, France, the United Kingdom, Italy, Poland and Morocco, as well as 17 representative offices on all five continents: Istanbul (Turkey), Beijing, Shanghai and Hong Kong (China), Singapore, Dubai (United Arab Emirates), New Delhi (India), Cairo (Egypt), Algiers (Algeria), Johannesburg (South Africa), New York (the USA), Santiago de Chile (Chile), Bogotá (Colombia), Sao Paulo (Brazil), Lima (Peru), Sidney (Australia) and Toronto (Canada).
It also has two Spanish Desk teams in Austria's Erste Bank (Vienna) and Mexico's Inbursa (Mexico City), to serve CaixaBank business customers in these markets.
