FIMBank plc - Shareholding in Global Trade Finance

FIMBank plc announced on 29 January that the State Bank of India (SBI) intends to purchase a 91% shareholding in Global Trade Finance Limited (GTF) in India from Export-Import Bank of India, International Financial Corporation  and FIMBank.

FIMBank noted that approval from the Indian regulators (Reserve Bank of India) for the proposed sale and purchase by SBI of the GTF shareholding has been sought by all parties concerned.

Pursuant to the rules and regulations applicable in India, a Public Notice has been jointly issued by Export-Import Bank of India, IFC, FIMBank and State Bank of India.

Meanwhile FIMBank plc has also obtained the required consents from the Malta Financial Services Authority.

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