FIMBank plc and London Forfaiting Company Ltd, two companies which form part of the FIMBank Group, emerged as winners in their respective categories in the prestigious Global Trade Review (GTR).
In the awards for 2009, FIMBank plc was recognised as ‘Best Factoring House’, while London Forfaiting Company Ltd was declared ‘Best Forfaiting House’ for the second year running.
GTR is the world’s leading international trade finance magazine, read by and featuring the market’s key banks, credit insurers, corporates, traders, law firms, brokers and consultants. The annual GTR readers’ poll for Leaders in Trade was set up as an opportunity for this specialist magazine’s readers to express their views on which financial institutions have excelled in the trade, commodity and export finance markets during the year.
Commenting on the awards, FIMBank Group president Margrith Lütschg-Emmenegger said: “We are very proud to receive these two awards – they are a reflection of the group’s growing reputation as a global trade finance specialist.”
FIMBank plc is an international trade finance bank focusing on delivering trade finance solutions to businesses worldwide. Through its Mediterranean Factors Division, based in Malta, FIMBank offers a complete portfolio of factoring services. The bank actively pursues a strategy of establishing factoring joint ventures with prominent institutions in selected emerging markets. The international network of factoring joint ventures currently includes MENAFactors in Dubai, Egypt Factors in Egypt, FactorRus in Russia and India Factoring in India.
London Forfaiting Company (LFC) is a UK-registered, fully owned subsidiary of FIMBank plc. A key player in the forfaiting market, LFC boasts a global network of offices, with a presence in Malta, the United Kingdom, Turkey, Russia, Singapore, Brazil and the USA. Since its inception, the company has established a reputation for providing fast, efficient, tailor-made non-recourse finance solutions to importers and exporters.
Further information about the FIMBank Group is available from www.fimbank.com