FIMBANK

A Global Force in
Trade Finance

News Details

Good news all round for Egypt Factors

29.10.2021

A member of the FIMBank Group, Egypt Factors, saw the spotlight for all the right reasons, as the company’s General Manager, Doaa Hafez, was elected as a member of the FCI Executive Committee. The company also won FCI’s award for Best Overall (Import & Export) Factor of the Year, for the Africa and the Middle East regions.

FCI is the global representative body for factoring and financing of open account domestic and international trade receivables. With close to 400 member companies in 90 countries, FCI offers an unparalleled network for cooperation in cross-border factoring. Member transactions represent nearly 90% of the world’s international correspondent factoring volumes.

Doaa, who holds over fifteen years’ of experience in the factoring sector, is well-positioned to contribute effectively as an FCI committee member. Apart from being the first Egyptian to be internationally certified in factoring, she has been active in FCI for a number of years, having also served on the FCI Education Committee. We wish Doaa all the very best in her role.

Every year, at the end of FCI’s Council Meeting, the Secretary General announces the winners of the FCI Awards. The selection of the winners is performed on the basis of the collective views of FCI members acting as Export Factors and/or as Import Factors, each member being allowed to vote for all correspondents with whom they have exchanged international business.