FIMBank has been declared the 'Best Factoring Institution' in this year's TFR Excellence in

Trade Awards, which recognises leading performers in trade services.

Meanwhile, London Forfaiting Company, another member of the FIMBank Group, also received the accolade of 'Best Forfaiting Institution'.

Both FIMBank and LFC have been recipients of TFR awards in the past on a number of occasions.

FIMBank Group CEO Murali Subramanian greeted the news of this latest acknowledgment regarding the quality of FIMBank's services with great satisfaction, stating that: "We have built a solid reputation for providing tailormade trade finance solutions that match our clients' liquidity and risk management needs".

With regards to the award for London Forfaiting Company's services, Subramanian explained that: "As one of the most experienced players in the market, LFC has maintained its position at the forefront of developments in forfaiting".

The FIMBank Group CEO concluded that "both of these awards reflect the industry's recognition of our achievements in the marketplace."

TFR is a leading international trade finance magazine, read by and features the market's key banks, credit insurers, corporates, traders, law firms, brokers and consultants. TFR award winners are voted for by TFR's readers, with input from impartial members of the TFR editorial board.