About Fimbank plc
Fimbank plc: A Leading Provider of Trade Finance, Factoring and Forfaiting Solutions
Fimbank plc is a leading provider of trade finance, factoring and forfaiting solutions. The Bank is an award-winning institution that forms part of the KIPCO Group and has an extensive international network spanning five continents. With over 25 years of experience in the industry, Fimbank has established itself as a trusted partner for businesses looking to expand their operations globally.
Trade Finance Solutions
Fimbank's trade finance solutions are designed to help businesses manage their cash flow and mitigate risks associated with international trade. The Bank offers a range of products including letters of credit, guarantees, documentary collections and open account financing. These products are tailored to meet the specific needs of each client, ensuring that they receive the best possible solution for their business.
Factoring Solutions
Fimbank's factoring solutions provide businesses with immediate access to cash by selling their accounts receivable at a discount. This allows businesses to improve their cash flow without having to wait for customers to pay their invoices. Fimbank's factoring services are available in over 50 countries worldwide, making it easy for businesses to access funding wherever they operate.
Forfaiting Solutions
Fimbank's forfaiting solutions enable businesses to sell medium- or long-term receivables without recourse. This means that once the receivables have been sold, the seller is no longer responsible if the buyer fails to pay. Forfaiting can be particularly useful for exporters who want to reduce risk when selling goods on credit terms.
International Network
One of Fimbank's key strengths is its extensive international network spanning five continents. The Bank has offices in Malta (headquarters), London, Dubai and Hong Kong as well as correspondent banking relationships with over 300 banks worldwide. This enables Fimbank to provide its clients with local expertise wherever they operate.
Awards and Recognition
Fimbank has received numerous awards and recognition for its trade finance, factoring and forfaiting solutions. In 2019, the Bank was named "Best Trade Finance Provider in Malta" by Global Finance magazine. Fimbank has also been recognized by the International Finance Corporation (IFC) as a leading provider of factoring services in emerging markets.
Conclusion
In conclusion, Fimbank plc is a leading provider of trade finance, factoring and forfaiting solutions with an extensive international network spanning five continents. The Bank's products are tailored to meet the specific needs of each client, ensuring that they receive the best possible solution for their business. With over 25 years of experience in the industry and numerous awards and recognition, Fimbank is a trusted partner for businesses looking to expand their operations globally.