Santander CIB named global leader in export finance for second year running

The Group held on to the number one spot with a total volume of USD 13.2 billion and an international market share of 12.1%.

The bank’s global scale and local knowledge of the sectors and markets where its clients operate has enabled Santander CIB to stay ahead of its competitors in a year when transaction volumes soared.

Santander Corporate & Investment Banking (Santander CIB) ended 2023 as the world's leader in export finance, with transactions amounting to USD 13.2 billion (EUR €12 billion at current exchange rates) and a market share of 12.1%. 

Santander CIB's close relationship with all export credit agencies (ECAs) worldwide and its in-depth knowledge of the sectors and markets where its clients operate have ensured its position on top of the ranking published by Dealogic, one of the most widely used tools for analysing the performance, trends, activity and market share of financial institutions. 

With this positioning, the Group demonstrates once again its ability to meet its clients’ needs globally in a tough landscape. Santander CIB reached the first position in Europe and is among the top 10 in Latin America, the Middle East and Africa.

According to Guillermo Hombravella, global head of Export & Agency Finance: “In today's complex environment, large multinationals and medium-sized enterprises have trusted Santander CIB to support their international activity. Our vast experience gives us deep knowledge of our clients’ needs: we’ve built a unique global franchise that brings together sponsors, exporters, importers, ECAs and investors from all over the world. What’s more, our global footprint enables us to connect Europe, the Americas, Asia-Pacific, the Middle East and Africa which, in turn, allows us to offer an exclusive catalogue of financial solutions”.

Credit insurance from ECAs and other multilateral institutions is one of the main means of financial support for companies’ international expansion. It helps them obtain financing through specialised products with competitive terms and conditions that are tailored to their needs and mitigate the risks that their cross-border activities can pose.

In recent years, Santander CIB has been developing its Export & Agency Finance (EAF) business, with the spotlight on import and export clients. It has contributed to the design of innovative products hand in hand with ECAs, combining global and local origination and structuring capabilities that underpin the franchise's success.