(PORT-LOUIS) – CIM Finance will open a new office in Singapour by the end 2010 and is working towards opening another bureau in Cayman islands, CEO Vaughan Heberden said in an interview to Eco Austral this week.

CIM aims to expand its activities on the international level as it wants to increase its revenue, Vaughan Heberden said.

58 percent of CIM turnover is done in India offshore, 11 percent in China, 10% in Africa and the remaining 20 percent in Europe, USA and Singapour.

The company has not really been affected by the financial crisis as this year’s performance will be similar to last year’s, CIM CEO said.

By Guillaume Gouges