Leading global banking and finance publication The Banker names UniCredit the Best Transaction Bank in Western Europe, compounding the bank’s recognition as Best Bank for Transaction Services at the Euromoney Awards for Excellence in May.

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UniCredit has been named Best Transaction Bank in Western Europe at The Banker’s 2021 Transaction Banking Awards. The win reaffirms the bank’s leading position for transaction banking in Western Europe following the Euromoney’s Awards for Excellence, which crowned the bank Best Bank for Transaction Services in Western Europe earlier this year.


Judged by an external panel of experts, The Banker’s Transaction Banking Awards seek entries that demonstrate a clear strategy, improvement and progress in the last 12 months as well as evidence that the bank is working to serve its clients and meet their needs.


“Our main purpose is to support our clients by listening to their needs, assessing how we can help them and then finding the best way to do so” says Luca Corsini, Co-Head of Global Transaction Banking. “Across the board, our corporate clients have been looking to maximise liquidity and manage the complexities posed by the COVID-19 pandemic and we have worked hard to help them – for instance, by rolling out digital cash management solutions to help them centralise their operations and optimise visibility and control.”


With the theme of digitisation continuing to dominate discussions, The Banker highlighted UniCredit’s digital achievements: “UniCredit has done well in building new digital platforms and solutions. The Banker's judges were impressed by the bank’s work to further the development of digital services for its clients, such as the cash management solutions devised to support cash controls during the pandemic. The examples given of the services developed to assist specific clients helped to bring to life the importance of the solutions which had been developed.”


This award marks the second time in three years that UniCredit has taken The Banker’s crown of Best Transaction Bank in Western Europe, contributing to a growing tradition of success for the bank in the region that also includes awards for The Banker’s Best Bank for Supply Chain Finance in 2020 and the best trade finance bank for customer services in the Euromoney Trade Finance Survey 2021.