Polish sole front runner on Global Finance list
PKN ORLEN won a distinction for the best corporation for FX management in Central and Eastern Europe in a prestigious ranking by Global Finance magazine. The Company was the only organisation from this part of Europe ranked among companies such as Apple, General Electric, Dow Chemicals or Airbus (evaluated globally).
In the first-ever Corporate FX Awards, Global Finance honours companies that successfully maintain their profit margins, cash flows and global competitiveness at optimum levels. Key assessment criteria included clear-cut crisis and risk management policies, measurement of FX exposure and cost of hedging.
We are pleased that years of steady building of our competence and reporting positive results from centralised financial risk and liquidity management at the Group were appreciated by the renowned Global Finance magazine. Maintaining financial stability is among our strategic priorities, and hence we see this award as a confirmation of our assumptions and an obligation to continue with our efforts - said Sławomir Jędrzejczyk, Vice President of the Management Board, Chief Financial Officer.
The distinction awarded to PKN ORLEN is an additional element of the prestigious Global Finance’s ranking of foreign exchange providers. The 17th edition of the ranking covered companies from 93 countries, representing seven regions of the world. The winners are selected based on opinions of analysts, senior executives and banking experts, taking into account transaction volumes, market share, range of services, customer service, competitive prices and innovation.