MUFG is proud to have been awarded Global Finance's Best Supply Chain Finance (“SCF") Bank for Western Europe, based on a global survey by Global Finance Magazine amongst industry analysts, corporate executives and technology experts.
Dilawar Khan, Head of SCF Origination, EMEA, MUFG said:
"We would like to thank the panel for selecting MUFG for this leading industry award. We see this accolade as recognition for our ability to impact multiple balance sheet and income statement levers by combining SCF, dynamic discounting and other structured finance solutions in way that delivers the optimal results for our clients.
"Using our considerable balance sheet, as the 5th largest bank in the world, we are able to provide anchor lines to stabilize SCF programs and bring other funders (bank and non-bank investors) as the programs grow."
Jeroen van der Vooren, Director - Supply Chain Finance, MUFG, said:
"Working capital and SCF have never been so important due to supply chain shocks from the pandemic, the Ukraine war and the surge in global inflation. We are proud to have stepped up for our clients to act as their bank of choice for working capital and SCF during these challenging times. Winning this award is a fantastic recognition of the great work done by our global MUFG SCF team."
Joseph D. Giarraputo, publisher and editorial director of Global Finance, said:
"Supply chain dislocations caused by the continued pandemic and regional conflicts continue to affect businesses, resulting in shortages worldwide. This year's Best Supply Chain Finance Awards honors those institutions that have adapted to the evolving environment and serve their clients the best."
MUFG was also awarded Best Trade Finance Bank for Japan.
A variety of subjective and objective criteria were used for choosing the winners. Factors considered included: market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
MUFG collected the Awards at a Global Finance Awards luncheon on 25 January 2023, in London, at the BAFT Europe Bank to Bank Forum.