Malta banking News

Malta-based Trade Finance specialist FIMBank recently brought together the CEOs of all its international factoring JV to discuss corporate strategy and opportunities for growth within the context of the current global economic and financial scenario.

FIMBank plc and London Forfaiting Company Ltd, both forming part of the FIMBank Group, were recently declared Best Factoring House and Best Boutique Trade Finance Institution respectively by international trade finance magazine Global Trade Review.

Egypt Factors has appointed Mr. Hisham Haikal as the company's Managing Director.

The services provided by FIMBank plc and London Forfaiting Company Ltd, two companies within the FIMBank Group, have been acclaimed as the best in their categories by the readers of prestigious international publication, Trade & Forfaiting Review.

Easisave, an online savings product developed by FIMBank plc, will be sponsoring the 21st Edition of the Malta Jazz Festival.

IFC, a member of the World Bank Group, has entered into a loan agreement with FIMBank to help ensure that its client companies in the Middle East and Africa can import the production materials and machinery they need to grow their businesses.

Easisave.com, an innovative online savings account, was launched recently. The product, which offers one of the most competitive interest rates, currently pays 2.5% gross per annum.

The 2nd edition of the National School Battery Collection Campaign, an environmental initiative aimed at raising awareness amongst students about the need for the proper disposal of batteries, has led to the collection of a record 9000kg of batteries

The President of FIMBank plc, Margrith Lütschg-Emmenegger, recently delivered a speech on "The Financial Crisis: Implications for Trade Finance and Growth" as part of the World Bank Institute's course on Export Development and Diversification.