FIMBank plc, the Malta based financial Institution was nominated and was designated “Commended” as Best Trade Finance Boutique 2007 by the renowned Trade & Forfaiting Review, the trade-finance Magazine in the UK. The nomination included global institutions such as Deutsche Bank, ING, JPMorgan, Citibank, Societe General and many others.
As a further sign of appreciation to the commitment and professional operations of the bank, FIMBank was also awarded the Euro STP Excellence Award 2007 for the second consecutive year by Deutsche Bank, its main Euro clearing correspondent.
For the second consecutive year, London Forfaiting Company Ltd. (LFC), the wholly owned subsidiary of FIMBank plc., was also awarded the world wide 2007 Best Forfaiting Institution by Trade & Forfaiting Review, preceding the runner-up, Deutsche Bank.
In 2003 London Forfaiting Company Limited was acquired by FIMBank. As part of the FIMBank Group, LFC has grown to be again the world leader in the forfaiting market.
LFC, which is headquartered in London with its back office in Malta, has also offices in New York, Sao Paolo, Moscow, Istanbul and Singapore. This international presence by LFC has accentuated FIMBank’s global reach in the Trade Finance and Forfaiting Business, complementing the bank’s activities and adding expertise to its professionals of many nationalities. The Group’s global network also includes Dubai and Cairo through the Factoring companies and representative offices in Dubai and London.
Mrs. Lütschg-Emmenegger, President of FIMBank Group was very pleased with the results and stated that this success is attributed to the professional service that the Group offers from all its international offices and to the relentless support of the Malta office. This is another proof of the quality of work that the Group provides to its customers while continuously adding value to its shareholders.
The full information about the Award may be viewed on www.tfreview.com and further details about FIMBank Group can be also found www.forfaiting.com.