Wednesday, 1 March 2017


ITFA is pleased to announce that this month two new institutions have joined as members of ITFA.

Intermarket Bank AG is a registered Bank under Austrian Banking Regulation - mainly focusing on Receivables Finance (Factoring, Forfaiting, Reverse Factoring etc) and operating in Austria. Furthermore, Intermarket - as a subsidiary majority owned by Erste Group - is responsible for all Supply Chain Finance related products and strategy within the Erste Group geography.

Erste Group is a leading universal banking group in Austria and CEE - registered in Austria and present with major Banks in Czech Republic, Slovakia, Hungary, Croatia, Serbia and Romania.

Sebastian Erich will be the main delegate for all ITFA related matters.

Established in 1984 and based in London (UK), Jordan International Bank (JIB) operates today with four principal areas of business: Personal Banking, Structured Property Finance, Trade Finance and Treasury Services.

The Bank endeavours to offer the full range of services required by their highly valued clients. Stemming from the overriding philosophy to unlock the doors of opportunity for clients, JIB’s Trade Finance team offers traditional trade finance products, such as letters of credit, letters of guarantee, bonds or standby LC’s, as well as documentary collections, to facilitate international trade for importers and exporters. They are also involved in forfaiting, risk participation, and other traditional trade finance solutions.

With their extensive experience in the MENA region, they strive to consistently facilitate success for their clients and partners. Their highly experienced team of industry professionals in London is supported by its shareholders regional network of Banks in Jordan, Qatar, UAE, and Algeria.

Mohammad Fariz will be the main delegate for all ITFA related matters.

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