On Saturday 10th January 2009 FIMBank Group held its Annual Offsite Meeting at Hilton in Portomaso, St. Julians. Managers from Malta, New York, Sao Paolo, London, Moscow, Istanbul, Dubai, Cairo and Singapore offices met to review the Group’s performance and discuss new strategies for the coming years.
Margrith Lütschg-Emmenegger, President of FIMBank p.l.c. welcomed the managers and updated them with the bank’s performance in 2008 and the 2009 budget. She thanked all attendees for another very successful year congratulating them on their achievements particularly in view of recent extraordinary economic conditions. Notwithstanding that 2008 was a negative year for most banks in the world, FIMBank has recorded excellent results for the year thanks to the efforts and commitment of the staff backed by a prudent management approach adapted to the changing markets. This has also been confirmed by Fitch rating agency that confirmed the rating of FIMBank although over 90 other Global banking institutions experienced a downgrade in their ratings.
The President also presented the strategy for 2009 highlighting the challenges that lay ahead and emphasizing on the importance of communication and teamwork. She also welcomed the new senior members who recently joined the bank’s business development team referring to the potentials available and the opportunities of growth.
The President’s address was followed by a presentation done by Mr. Joao Costa Pereira, Head of Mediterranean Factoring who recently joined the Group, and by Mr. Gilbert Coleiro, Managing Director of FIM Business Solutions, the information and technology arm of the FIMBank Group.
The Offsite meeting was concluded with a productive team building exercise and dinner at Hilton.