MBR_Issue_27 -January 2017 low res

Malta Business Review
COMPANY PROFILE FITCH RATINGS
Malta Business Review
A Business
IMPERATIVE
By David Demicoli
CasaSoft Ltd. is a team of highly creative
designers, talented developers and
strategic thinkers full of passion and
innovation. CasaSoft’s aim is to help
businesses expand digitally and online, by
striving to deliver projects of exceptional
quality. We build outstanding projects
which are extremely user-friendly, highly
functional and which deliver results.
CasaSoft started off in Mark’s bedroom,
the founder, who was following his
dream of showing local businesses how
to properly devise a digital strategy.
Today, CasaSoft has moved to new offices
and expanded its team to eight highly
talented individuals.
For CasaSoft, delivering high-quality
services, providing innovative solutions,
and sustaining the optimum customer
satisfaction, was a vision set from the
very early beginning. It realised from
the early beginning that this was what
customers were looking for. This has led
to CasaSoft’s growth from an organisation
which was securing a few local clients,
to a leading organisation which is now
providing solutions to a wide portfolio
of high-profile, local and international
clients.
In September 2016, CasaSoft was
selected as the National Champion in the
European Business Awards, competing in
the category for the ‘Award for Customer
Focus’, which recognises organisations
that have enhanced their prospects and
profitability by putting the customer at
the heart of their business. The EBA is
Europe's largest business competition
set up to celebrate business excellence
and practice in the European business
community. The second stage of this
competition opened on January 9th 2017,
whereby the general public can vote for
their most preferred company. You can
support CasaSoft by watching their video
and voting for them on the EBA website
(www.businessawardseurope.com/vote/
detail-new/malta/19095). Your support
is greatly appreciated!
In November 2016, CasaSoft also won the
Malta’s Best in Business Award as the Best
Online Web and Design Agency, for the 2nd
consecutive year. This award is awarded to
the best company providing the best digital
landscape, designing great experiences for
customers along the way.
These are not CasaSoft’s first awards.
Amongst the various awards, some of the
other prestigious awards were the two
international Design Firms Awards in 2015
and 2011 and The Best Flash Website Award
in the Digital Arts 2009 Awards.
CasaSoft invests strongly in the quality of
service that it provides to its clients. This is
reflected in their 100% money back guarantee
which was launched in recent years. CasaSoft
involves its valued clients throughout the
entire project so as to be certain that it is
shaped and developed with them, designing
until clients are far more than happy, ensuring
an outcome which meets and exceeds their
requirements. CasaSoft provides its clients
with a long-term strategy with a profitable
return on investment.
CasaSoft’s aim is to help businesses expand
digitally - whether it is with design and
branding, web design, web development,
software development, web applications,
and even marketing and strategy. They build
outstanding projects which are extremely
user-friendly, highly functional and which
deliver results. This is all done with impeccable
attention to detail which results in satisfied
customers and exceptional solutions. Most
of CasaSoft’s clients reach to them directly,
either because they fall in love with their work
or else because they are recommended by
previous clients. This speaks volumes on how
highly regarded CasaSoft is by its past and
current customers. MBR
FIMBank welcomes
Fitch Ratings upgrade
Fitch Ratings has upgraded Malta-based
FIMBank's Long-Term Issuer Default Rating
(IDR) to 'BB', from 'BB-', and its Support
Rating to '3' from '5'. In its report, the rating
agency also confirms the outlook for the
Bank as being ‘Stable’. The agency’s report
highlights the fact that the upgrade takes
into account the demonstrated record
of capital and funding support provided
to FIMBank by Kuwaiti-based Burgan
Bank, and its sister bank, Bahrain-based
United Gulf Bank, as well as the increased
management and operational integration
of FIMBank with Burgan Bank.
Commenting on the news of FIMBank’s
upgrade by Fitch Ratings, Group CEO
Murali Subramanian explained that “Strong
and demonstrated parental support as
required, for the funding and capitalisation
of FIMBank, is the main reason Fitch have
cited for this ratings upgrade. While we
welcome this decision, we believe the best
is yet to come. We have unrelenting focus
on delivering the kind of performance
which is expected to progressively render
ever stronger returns to our shareholders.
It vindicates our strategy based on a series
of organisational restructuring, operational
review, and cost control measures, which
we have been implementing over the past
18months”. He added that “As a result of this
strategy, 2016 has been a turnaround year
for the Group, and this is also reflected in
the improved profitability of our operations.
Moreover, legacy misadventures of prior
years are being dealt with firmly, and will be
fully behind us in 2017”.
Noting the dynamic process of
transformation being undertaken at
FIMBank, and its anticipated positive
effect on the Bank’s profitability, the Fitch
Ratings report concludes by stating that “a
successful restructuring of FIMBank and a
strong recovery in its financial metrics could
result in FIMBank's VR being upgraded”.
For more information about MBR FIMBank plc,
visit www.fimbank.com
CasaSoft Team at BiB Awards 2016
56 57
www.maltabusinessreview.net