Press Release November 2007

The 39th FCI Annual Meeting in Santiago, Chile was attended by a record number of 306 delegates and spouses from 144 (FCI member and observer) companies and 53 countries.  Highlights were the presentations by 12 new members, presentations on SWIFT TSU, Round Table Discussions on various topics including CRS, Product Variations, E-Commerce and Pricing & Competition.

In addition, the winners were announced of the yearly FCI Service Quality Awards:

Best Export Factor: Yapi Kredi Faktoring in Turkey
Best Import Factor: Branch Banking and Trust Company in the U.S.A.
and the most important prize:
Best Combined Export Factor and Import Factor: Popular de Factoring in Spain.

The FCI Marketing Promotion Award was granted to DBS Bank (Hong Kong) under the category Presentation Kits.

DBS Bank (Hong Kong) was also awarded the new Export Factor Growth Award for strongest volume growth, measured over the past three calendar years.

Mr. Alberto Wyderka, Executive Director of Galicia Factoring y Leasing in Argentina, was elected as FCI Chairman for the period until the 2008 Annual Meeting in Kyoto, Japan 7-13 September.

Last but not least, the FCI Executive Committee approved the application for membership by five new members:

Banco Supervielle, Argentina
FactorBank, Austria
UniCredit Factoring, Bulgaria,
Standard Chartered Bank (Hong Kong), Hong Kong
Fortis Commercial Finance Spolka, Poland