Factoring in the Mediterranean

HSBC and FIMBank, on behalf of Factors Chain International (FCI), are holding an international credit management symposium to discuss the impact of factoring in the Mediterranean.

Factoring is a credit management practice to finance, collect and protect business invoices.

Margrith Lütschg-Emmenegger, President of FIMBank plc, said the symposium is a further proof of the island's credibility as a financial centre and of the importance that factoring is gaining in the Mediterranean region.

FCI supported this region-focused event, which is hosting some 100 representatives from Mediterranean financial institutions, with the aim of ensuring accurate transmission of factoring knowledge-sharing and experiences through the participation of existing factoring institutions within FCI.

The symposium, being held at Hilton Malta, ends today.