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FIMBank bolsters trade finance

21 January 2010

FIMBank has announced three key appointments in trade services, corporate and institutional banking, and transaction management control.

Read more: [FIMBank] [Armin Eckermann] [FIMBank trade services] [transaction banking] [trade services]

FIMBank has made key appointments to bolster its trade finance business. The bank has announced new heads of trade services, corporate and institutional banking, and transaction management control.

The trade finance bank has named Walter Cools as head of trade services, Thomas Dissen as head of corporate and institutional banking, and Sylvia Schmitz as head of transaction management control.

Welcoming the new team members, Dr Armin Eckermann, FIMBank’s head of banking and deputy president, says: “We are delighted to welcome such experienced and highly skilled professionals to our...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010