Fimbank has reported a positive net income for the third quarter of 2015 as it continues with its consolidation strategy to turnaround its core operating business.

It said its focus was on positioning the bank for a solid growth of its core operating businesses across the four lines: banking forfaiting, factoring and treasury.

The bank also announced the appointment of Howard Gaunt as group chief operating officer, as of last Monday. It said Mr Gaunt was a senior US banker with a proven track record in strategic development and end-to-end management in major and reputable financial institutions.

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