Malta

HSBC Bank Malta has announced three new appointments in its International Commercial Banking team.

FIMBANK is satisfied with Fitch Ratings re-affirming FIMBank s Long-term Issuer Default (IDR) at 'BB', particularly in the light of the fact that many leading banks are being downgraded.

Enlarging SMEs access to finance is key to Europe s economic fortunes, according to Tancred Tabone, president of the Malta Chamber of Commerce, Enterprise and Industry.

Malta-headquartered trade finance institution Fimbank plc has appointed three new vice- presidents.

International factoring bank FIMBank plc has announced the issue of a 4.25% 25 million bond issue subject to an over-allotment option of a further 10 million.

FIMBank was recently recognised as one of the world s top five factoring institutions by the Trade Finance Magazine

Joao Costa Pereira, First Vice President - Head Mediterranean Factors at FIMBank in Malta, provides Factorscan with an overview of the Maltese factoring market covering industry environment, market performance, supply and future trends.

The FIM Bank Group has announced a post-tax profit of $1.6 million for the year 2009 and stressed its

Izola bank is to launch a five-year 7 million secured bond issue, the proceeds of which will be used to

FIM Business Solutions Ltd, a fully-owned subsidiary of the FIMBank Group, was recently awarded ISO 9001:2008 certification for the company s factoring back office operations.