On this portal, import export companies can access the wide range of solutions that BBVA offers them, such as the international commerce sections from the different local BBVA websites around the world, which help them to streamline these operations. Global Trade Finance also gives the companies access to specialized information that supports them in their international transactions, such as customs paperwork or tenders, with updated data from more than 170 countries.
Global Trade Finance can be found on the BBVA Pivot website - the bank’s series of solutions to optimize multinational companies’ treasury. Therefore, they can now also incorporate BBVA’s experience and solutions for foreign trade to facilitate their international expansion.
Access to the platform is free and gives users more information regarding the different trade finance solutions that the bank offers - from the simplest products, such as letters of credit and guarantees to more sophisticated products. They can also access BBVA’s different local trade finance websites around the world, which allows them to operate in the main markets where the bank has a presence.
Furthermore, Global Trade Finance has a wide range of specialized content, some of which require users to register. This offer includes sector reports on markets and trade flows, which allow companies to detect possible business opportunities and identify the countries and trade corridors with the greatest potential for their sector.
Global Trade Finance also has macroeconomic data and information related to the economic, political and social situation, as well as the tax system in more than 170 countries; customs rights and import and export flows, in addition to tender databases, importers and exporters, sector associations and international fairs.
“Import and export operations entail an additional degree of complexity for companies, and the need to manage different types of risks, both political and commercial,” explained Francisco Fernández de Trocóniz, Head of Global Trade & International Banking at BBVA CIB. “With Global Trade Finance, we make our range of foreign trade solutions and experience available to them. Therefore, they receive customized support and highly specialized information that help them to manage this complexity when boosting their international growth.”
BBVA’s foreign trade capabilities and services were recently recognized by the Global Finance publication at its Best Trade Finance Awards 2023, where BBVA was named the best foreign trade bank in Latin America, Uruguay, Spain and Turkey. The volume of transactions, global coverage, quality of customer service and use of innovative technology are among the distinguishing elements that were valued the highest by these awards.