HSBC Bank Malta has been supporting AquaBioTech Group since its inception, nearly 25 years ago. Over the past quarter of a century, the International aquaculture, fisheries and aquatic environmental consulting, testing and development company has grown into a multinational organisation serving clients in more than fifty countries across all continents.
In supporting AquaBioTech Group’s growth, the bank provided the business with access to its unique trade finance solutions, delivering financial support in a structured manner. HSBC’s Global Trade and Receivables Finance team developed a bespoke funding solution specifically adapted to AquaBioTech Group’s trade requirements, with a focus on Import / Export financing and project financing. The bank also provided a receivables finance facility which improved liquidity and credit protection giving the company the ability to conduct business anywhere whilst guarding against the impact of late payments and bad debts.
Stefan Bonello, HSBC’s Relationship Manager for AquaBioTech Group commented: “The company had great potential right from the start but needed to build up its equity and asset base. In this scenario, it was clear that traditional financing did not meet the customer’s requirements and so we used HSBC’s trade finance solutions to map a way forward together. These solutions enabled our client to capture new opportunities and we were able to support the group’s ambitious growth strategy.”