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Export Development Canada (EDC) awarded ‘Best Trade Finance Multi-Lateral Institution or Export Credit Agency Award’

(OTTAWA) – January 21, 2015

Export Development Canada (EDC) was today awarded the Best Trade Finance Multi-Lateral Institution or Export Credit Agency Award for 2015 by Global Finance magazine.

EDC is Canada’s trade finance agency, and the leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada.

This annual award is presented to an international financing institution that has demonstrated excellence in the scope of its global coverage, customer service, competitive pricing, risk management and innovative products, services and technology.

“Export Development Canada is being recognized for its support to Canada’s international trade. Canada’s economy relies heavily on trade and EDC’s advice and financial help is critical,” said Joseph Giarraputo, Publisher and Editorial Director of Global Finance Magazine. “In addition, EDC is making efforts to help small Canadian companies enter overseas markets, and has helped to develop the country’s clean technology sector through the issuing of its first ‘green’ bond last year.”

Global Finance editors, with input from industry analysts, corporate executives and technology experts, selected the best trade finance banks in 83 countries or regions. A poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.

“We are thrilled to hear that EDC has been awarded this year’s Best Export Credit Agency Award,” said Catherine Decarie, Senior Vice President Human Resources and Communications. “Financial solutions like financing and insurance are critical parts of Canada’s trade toolkit and we’re flattered to be recognized as a leading provider.”

“This award really belongs to the 7,100 Canadian companies that used our services last year, because it is their deals that brought us to the table. They are a dynamic business community, and as a result, we need to be innovative and flexible to support the type of business they do,” Decarie added.

The awards ceremony will be held today during the closing luncheon of the BAFT Europe Bank-to-Bank Forum at the Hilton Amsterdam.

The demand for trade finance continues to outrun the supply, particularly in emerging markets. An excellent trade finance bank is an essential partner for corporations as they expand their global reach. EDC is equipped to meet these needs with expert advice and flexible products. For more information about how EDC can help your company, call us at 1-888-434-8508 or visit www.edc.ca.

About EDC

EDC is Canada’s export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public- sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information about how EDC can help your company, call us at 1-888-434-8508 or visit www.edc.ca.

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Phil Taylor
Export Development Canada
(613) 598-2904
ptaylor@edc.ca

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