London Forfaiting, a wholly owned subsidiary of FIMBank, Malta was awarded, for the consecutive year, the 2007 Best Forfaiting House Award by GTR, the trade finance magazine published in the UK.

Forfaiting is a highly flexible technique that allows an exporter to grant attractive credit terms to foreign buyers, without tying up cash flow or assuming the risks of possible late payment or default. Simultaneously, the exporter is fully protected against interest and/or currency rates moving unfavourably during the credit period.

LFC, which is headquartered in London UK and has offices in New York, Sao Paolo, Moscow, Istanbul and Singapore, has accentuated FIMBank’s global reach in the trade finance and forfaiting business. This complements the bank’s activities, adding expertise to its professionals of many nationalities and enhanced the group’s global network that also includes Mumbai, Dubai and Cairo.

Full financial disclosure and further details about FIMBank Group’s product offer and global reach can be found on www.fimbank.com and www.forfaiting.com.