Fimbank Group wins foreign trade finance magazine awards

Fimbank plc and London Forfaiting Company Ltd, two companies within Fimbank Group, have been named ‘Best Factoring House’ and ‘Best Boutique Trade Finance Institution’ by international trade finance magazine Global Trade Review.

Fimbank won the award for the third consecutive year

Fimbank has won the award for the third consecutive year; London Forfaiting Company Ltd has won this title or Best Forfaiting House several times over the past years.

Group president Margrith Lütschg-Emmenegger said this year’s success was in line with a positive trend established over the past years by both institutions.

LFC managing director Simon Lay said: “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,” he said.

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.

Fimbank’s international network includes Mena Factors in Dubai, Egypt Factors in Egypt, Levant Factors in Lebanon, Factor Rus in Russia, India Factoring in India, and more recently, Brasil Factors in Brazil.

UK-registered London Forfaiting Company, a fully-owned Fimbank subsidiary, has 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 UK, Turkey, Russia, Brazil, the US, Malta and Singapore.