Global Finance, a leading global corporate finance monthly magazine with over 200,000 readers internationally, has proclaimed FIMBank as the Best Trade Finance Bank in Malta for 2012.

FIMBank, the Malta-based provider of trade finance and factoring solutions, is named as being among the 78 best trade finance institutions worldwide. These were selected by Global Finance editors with input from industry analysts, corporate executives and technology experts. The criteria for selecting the winners included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

Global Finance publisher and president Joseph D. Giarraputo praised the Fimbank stating: “This is an excellent achievement for FIMBank to win this first ever Global Finance award ahead of strong competitors in Malta.”

Commenting on the award, FIMBank president Margrith Lütschg-Emmenegger said she was delighted to learn that the bank had been awarded the title of the Best Trade Finance Bank in Malta for 2012. “This award endorses FIMBank’s growing reputation as a reliable global trade finance specialist. Despite the exceptionally challenging global economic and political developments that characterised last year, our expertise allowed us to provide diversified trade finance solutions to our exporting, importing and banking clients alike.”