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FIMBank Group wins prestigious GTR awards


FIMBank plc and London Forfaiting Company Ltd (LFC), two companies which form part of the FIMBank Group, were recently declared ‘Best Factoring House’ and ‘Best Forfaiting House’ respectively by international trade finance magazine Global Trade Review (GTR). FIMBank was awarded the top placing ahead of Bibby Financial Services, while LFC beat the challenge by second-placed Unicredit to land this year’s award. The awards are the result of GTR's readers' poll for the ‘Leaders in Trade 2012’. FIMBank has won the award for the fourth consecutive year while London Forfaiting Company Ltd has won this title many times over the last years.

FIMBank Group President Margrith Lütschg-Emmenegger expressed her satisfaction with the news of the awards, stating that this year’s success “further reinforced FIMBank’s strong reputation as a reliable global partner in the dynamic and specialist world of Trade Finance, more so when such acknowledgement is forthcoming from a prestigious and influential source, as is GTR”. LFC’s Managing Director Simon Lay was equally pleased: “London Forfaiting has now been at the forefront of the forfaiting and trade finance industry for over 27 years, demonstrating its commitment to the products and to our clients. Our expertise and geographical coverage allows us to offer a global service dedicated specifically to forfaiting and trade finance for our exporting, importing and bank clients alike.”

FIMBank plc is an international trade finance bank focused on delivering trade finance solutions to businesses worldwide. The Bank actively pursues a strategy of establishing factoring joint ventures with prominent institutions in selected emerging markets. Today, FIMBank’s international network includes MENAFactors in Dubai, Egypt Factors in Egypt, Levant Factors in Lebanon, FactorRus in Russia, India Factoring in India and BrasilFactors in Brazil.

On the other hand, UK-registered London Forfaiting Company (LFC), a fully-owned FIMBank subsidiary, has over the years established a reputation as a key player in the forfaiting market, providing fast, efficient, tailor-made non-recourse finance solutions to importers, exporters and emerging market banks. LFC boasts a global network of offices, with a presence in the United Kingdom, Turkey, Russia, Brazil, the USA, Malta and Singapore.