Gulf International Bank (GIB) has won awards recognizing the Bank's leadership and innovation in Trade and Cash Management GIB was named ‘Leader in Trade for Bahrain" for the year 2020 by Global Trade Review. The prestigious award, recognize GIB's position as Bahrain's most innovative bank for trade finance products and services, which it offers to clients across the GCC and MENA region. This award is true reflection of GIB's market leadership in structured trade finance business. Additionally, the bank was also recognised with two awards by Global Finance's The Innovators 2020 where the Bank's supply chain finance capabilities were again recognised. In the Trade Finance category, GIB won "Best Electronic Supply Chain Finance Solution" award underscoring the bank's market leadership in the Supply Chain Finance and its position among some of the largest global and regional trade finance banks. The second award was in the Islamic Finance category, where GIB is recognized for innovation in "Digitizing Umrah payments" for a large public sector entity in Saudi Arabia. Group CEO of GIB, Abdulaziz Al-Helaissi, said: "GIB is delighted to be recognized as a leader and innovator in Trade and Cash Management. This reflects the growing market recognition of GIB's exceptional trade and transaction banking services as well as the innovative nature of our products, services and solutions. "We continue to embrace innovation and technology to enhance our capabilities, the effectiveness with which we serve the market and to manage customer experience. We look forward to building on the momentum we have achieved and to strengthening GIB's position as a leading pan-GCC universal bank." GIB's working capital finance products and platforms under open account financing offers global buyers and suppliers with opportunities to help expand liquidity through its supplier finance, receivables finance, dynamic discounting and other payment options. With a Pan GCC network, GIB is aligned to help, enable corporates to effectively de-risk balance sheets, improve free cash flows and return on capital. — SG
