FIMBANK is the first bank in Malta to become a participant in the International Finance Corporation Global Trade Finance Programme in the capacity of confirming bank.

This presents FIMBank with a greater capacity to conduct trade finance business with emerging markets. FIMBank can take advantage of guarantees issued by International Finance Corporation (IFC) to cover part or all the risks arising from confirming, accepting, guaranteeing and/or discounting trade finance instruments issued by selected banks in IFC’s emerging markets member countries such as Nigeria, Kenya, Pakistan, Bangladesh, China, Iran and Bolivia to name just a few.

The IFC’s Global Trade Finance Programme was launched in 2005 to support trade with the emerging markets worldwide. The $500 million programme provides guarantees and pre-export cash advances to banks in over 70 countries. It plays a key role in advancing a worldwide network of bank partnerships to finance trade under risk coverage provided by IFC. The programme targets issuing banks in Africa, Asia, Latin America and the Middle East.