FIMBank Group, which has a branch in Malta, has opened a branch of their subsidiary London Forfaiting Company plc (LFC) in Singapore, the group said.

Enrico Canova is the general manager of the branch.

FIMBank/LFC's strategy for the Asia/Pacific region is to become a prime supplier of first-class, comprehensive but tailor-made trade finance solutions.

The range of products extends from the simple discounting of trade receivables to more complex commodity-related and back-to-back structures, the group added.

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