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.