A Global Force in Trade Finance
FIMBank A Global Force in Trade Finance a trade finance specialist at your service Since its inception in 1995, FIMBank has been at the forefront of introducing new products, ideas and structures to Trade Finance globally - innovation and diversification are an inherent part of the Bank s DNA. We are aware that to play an important role in the world of Trade Finance, we need to be at the forefront of innovation and creativity backed by cutting edge technology - not only to meet the challenging requirements of our clients but also to mitigate the financial risks involved in trade and to retain overall profitability. FIMBank now forms part of the KIPCO Group, one of the largest diversified holding companies in the Middle East and North Africa, with consolidated assets of US$ 26 billion. The acquisition by KIPCO will accelerate FIMBank s growth trajectory and lend added impetus to our focus and commitment to continuously improve our performance. Now more than ever, we remain committed to providing added value to our shareholders, our clients worldwide, our global partners and to the local community. We pride ourselves on being customer driven and accessible. The partnerships and long-term relationships we continue to build with shareholders, bondholders, clients, correspondent banks and associates, constitute the foundation of our success. Relationships are based on people, and our worldwide reputation owes much to the quality of the service delivered by our staff members, whom we consider as our most formidable asset. As a Trade Finance Bank, our mission is a global one, hence our presence in countries as diverse as the United Kingdom, Brazil, Russia and India. The Bank also actively pursues a strategy of establishing factoring joint ventures with highly professional and leading institutions in selected emerging markets. The recent crisis has brought about more awareness about Factoring and this product s ability to facilitate domestic and international trade while mitigating risks and improving cash flows. Our interest in Factoring also reflects our commitment to support SMEs, which are the backbone of international trade. The fact that we are based in Malta, a country with a millennial trading tradition and a successful financial centre, further enhances our profile as a Bank which facilitates trade between emerging and developed economies, a mission which is underlined by a commitment to offer innovative products backed by the best service possible to our clients. Margrith Lütschg-Emmenegger President FIMBank Group 1
The FIMBank Group The FIMBank Group saw its beginning in 1994 with the establishment of First International Merchant Bank Ltd. In June 2001, the shares of First International Merchant Bank p.l.c. were listed on the Malta Stock Exchange and four years later the Bank changed its name to FIMBank p.l.c. FIMBank is an international trade finance specialist with an established reputation as a dynamic and customer-driven provider of trade finance solutions to corporates, banks and individuals worldwide. Through its strong correspondent banking network and international offices located across the globe, FIMBank offers a unique environment in which trade finance opportunities are identified, innovatively structured and successfully executed. In 2003, FIMBank acquired full control of UK registered London Forfaiting Company Ltd, a market leader in forfaiting with an extensive international network spanning four continents. In 2006, the Group was further enhanced through the creation of FIM Business Solutions Ltd, which was launched as a business systems provider and technology consulting firm, while in 2008, FIM Property Investment Ltd was set up to oversee the construction of the Group s new head office block in Malta, as well as its subsequent management. For more information about the FIMBank Group please visit www.fimbank.com Bolstered by a robust shareholding structure, including a long-term partnership with the World Bank s International Finance Corporation (IFC), the FIMBank Group has also successfully made its mark on the international factoring sector by offering a complete portfolio of factoring services and actively pursuing a strategy of establishing factoring joint ventures with prominent institutions in selected emerging markets. This has resulted in the development of an international network of factoring joint ventures. 2
FIMBank A Global Force in Trade Finance providing you with innovative, tailor-made trade finance solutions 32
key events in our history Establishment in Malta Commencement of operations and establishment of representative office in London FIMBank is listed on the Malta Stock Exchange Acquisition of London Forfaiting Company Shareholding in Global Trade Finance, India IFC (World Bank Group) become FIMBank Shareholders Successful Syndicated Loan for $60M Establishment of Egypt Factors, Cairo DIFC branch in Dubai Establishment of India Factoring, Mumbai Establishment of FactorRus, Moscow Successful 30M Bond Issue 1994 1995 2001 2003 2004 2005 2006 2007 the FIMBank group network 4
FIMBank A Global Force in Trade Finance Establishment of MENA Factors, Dubai Acquisition of 25% shareholding in Levant Factors Sale of participation in Global Trade Finance, India Shareholding in Levant Factors increases to 50% Successful 33M Bond Issue Establishment of BrasilFactors, São Paulo FIMBank signs a $60million loan agreement with IFC and Saudi Fund for Development Balance sheet reaches USD 1 Billion mark Joint Offer is received from Burgan Bank SAK & United Gulf Bank BSC members of the KIPCO Group to acquire shareholding FIMBank signs a $30million loan agreement with IFC Burgan Bank SAK & United Gulf Bank BSC acquire shareholding in FiIMBank and launch Joint Voluntry Bid to all remaining Shareholders Official inauguration of FIMBank s Head Office in St Julians, Malta Following transfer of shares from accepting shareholders Burgan Bank SAU & United Gulf Bank BSC aggregate shareholding increases to 80.14% 2008 2009 2010 2011 2012 2013 2014 NEW YORK MOSCOW LONDON ISTANBUL BEIRUT MUMBAI SINGAPORE DUBAI CAIRO MALTA SÃO PAULO a growing international network supported by a proven corporate strategy 5
A Global Force in Trade Finance Our Vision At the very heart of FIMBank s vision lies the desire to be a Global Force in Trade Finance. We achieve this by providing top of the range trade finance products and creative, innovative solutions to our customers to create value and broaden economic prosperity. On the strength of our global presence spanning over four continents, supported with a world-class regulatory environment and a strategic hub position through our Head Office in Malta, we have built a formidable reputation for our ability to unlock niche emerging markets and underprovided trade finance products. This we have achieved through our dedicated, knowledgeable team, focused on structuring solutions and adding value to our customer s business. In order, to ensure performance and continuity we have built this team on a solid core of experienced professionals, empowered with a world class technology infrastructure. Our strategy is to further strengthen our global presence with a strong focus on emerging markets and to enhance the product range on offer, namely trade finance, structured commodity finance, international factoring, forfaiting and supporting banking services. This will be accomplished by our skillful positioning in the markets, continuous investment in human resources and technology, and adherence to the highest standards of professionalism. 6
FIMBank A Global Force in Trade Finance our trade finance specialists have a wealth of experience and can provide you with a structured solution that satisfies your business needs 727
FIMBank trade finance and banking services documentary collections bonds and guarantees treasury management warehouse finance commodity trade letters of credit ship finance forfaiting factoring 8
FIMBank A Global Force in Trade Finance www.fimbank.com 9
Tel: +356 21322100 Fax: +356 21322122 SWIFT: FIMBMTM3 info@fimbank.com www.fimbank.com