FCM Bank is a Maltese bank specialising in savings and fixed term deposit products. FCM Bank focuses on delivering simple, straightforward and good-value products. FCM Bank operates online and has only one brick-and-mortar branch which allows the bank keep the costs low and pass on the savings to the customers.
FCM Bank Ltd is the 18th largest bank in Malta in terms of total assets. In 2017 its total assets were 70,00 mln EUR, providing the bank with the market share of 0.26%. In 2017 the bank's profit before taxes was -1,00 mln EUR. FCM Bank Ltd had 11 employees in 2017.
FCM Bank Ltd participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.
FCM Bank Ltd is headquartered in St. Julians.
fixed-term deposit accounts
The range of products offered by FCM Bank Ltd includes savings accounts, fixed-term deposit accounts.
|Total Assets (2017)|
|70.00 mln EUR (+6.06%)|
In 2017 total assets of FCM Bank Ltd were 70.00 mln EUR. Growth compared to the previous period (2016) was 6.06%. The evolution of the total assets of FCM Bank Ltd is shown at Chart 1 below.
Chart 1. Total Assets of FCM Bank Ltd.
|Profit before Taxes (2017)|
|-1 000 000.00 EUR|
|Annual Profit (2017)|
|-1 000 000.00 EUR|
Recent changes in gross profit of FCM Bank Ltd and its main components are shown in Table 1.
|Net Interest Income||0.0||0.0|
|Net Commission Income||0.0||0.0|
|Table 1. Recent changes in gross profit of FCM Bank Ltd ( EUR).|
In 2017 profit before taxes of FCM Bank Ltd was -1 000 000.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the profit before taxes of FCM Bank Ltd is shown at Chart 2 below.
Chart 2. Profit before Taxes of FCM Bank Ltd.
In 2017 annual profit of FCM Bank Ltd was -1 000 000.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the annual profit of FCM Bank Ltd is shown at Chart 3 below.
Chart 3. Annual Profit of FCM Bank Ltd.
|Number of Employees (2017)|
In 2017 there were 11 employees of FCM Bank Ltd. The value didn't change compared to the previous period (2016). The evolution of the number of employees of FCM Bank Ltd is shown at Chart 4 below.
Chart 4. Number of Employees of FCM Bank Ltd.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Malta, except for branches of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.
In the case of FCM Bank Ltd failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||most types of deposit are covered, including current, deposit and savings accounts|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||in the same currency as the deposit|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of FCM Bank Ltd and its components are shown in the table below.
|Bank BIC Code||FCMF|
|Country Code||MT (Malta)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of FCM Bank Ltd is shown in the table below.
In 2017 FCM Bank Ltd had 1 branches in Malta. The value didn't change compared to the previous period (2016). The evolution of the number of branches of FCM Bank Ltd is shown at Chart 6 below.
Chart 6. Branches of FCM Bank Ltd.