FimBank, the specialised trade finance bank, recently organised the Trade Finance and Correspondent Banking conference in conjunction with the International Finance Corporation.

Elaborating on the rationale behind this event, FimBank plc president Margrith Lütschg Emmenegger stated that during the past two years, the financial industry landscape has been scarred by one of the most severe financial and economic crisis of our times.

This scenario, she said, has thrust to greater prominence the concept of so-called 'sustainable business models' of banking institutions.

"In this respect, the anticipated revitalisation of trade finance and services as well as correspondent nanking, two products which constitute the backbone of FimBank's offering, will contribute towards the distribution of the required funds and the flow of goods and commodities in a safe, sound and efficient manner. The objective of this conference was to provide information about and to generate discussion on the benefits of these products," she said.