FIMBank Group Inaugurates New Office in Brazil

28.06.2006

FIMBank plc, the Malta based Trade Finance Bank organised a wine tasting event at the Sao Paulo World Trade Centre on 29th May 2006 to inaugurate the Group’s new offices in Sao Paulo as well as to commemorate its 10 year presence in Brazil through its 100% owned subsidiary, London Forfaiting Company (LFC).

Margrith Lütschg-Emmenegger, FIMBank’s President, Simon Lay, LFC’s managing director, and Alexander Ozzetti, Managing Director of LFC Brazil, hosted around 80 guests representing prominent corporates (such as Volvo, Friboi, Voith, Avibras) as well as prime international banks (such as BNP, HSBC, Deutsche Bank, ABN-AMRO, Santander, WestLB, Bradesco and Safra).

All guests including the Maltese General Consul in Brazil, Dra. Fiorella Baggio, enjoyed the wine tasting experience, comparing old and new wines, as well as the cocktail reception which followed at the group’s new premises.

LFC was established in 1984 and specialises in the arrangement and provision of forfaiting and other trade related finance products. The company, which started operating in Brazil in 1996, is today recognised as a leading player in the forfaiting market worldwide.

The extensive experience of LFC’s forfaiting professionals coupled with the company's wide-ranging network of offices assures its clients the highest level of service. To date London Forfaiting Company has financed trade flows worth billions of dollars between over 60 countries worldwide.

Since FIMBank Group acquired LFC in 2003, its global presence was significantly expanded, which resulted in widening the Group’s activity range and providing opportunities to further diversify product and risk base.

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