FCM Bank Ltd

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.

Financials

Total Assets (2017)
70.00 mln EUR  (+6.06%)
Profit before Taxes (2017)
-1 000 000.00 EUR 
Number of Employees (2017)
11 

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.

Contacts

Aragon House, Business Centre, Dragonara Road,, STJ 3140, St. Julians, Malta
(+356) 80073737

FCM Bank Ltd is headquartered in St. Julians.

Bank Identifiers

BIC (SWIFT)
FCMFMTMT
MFI ID
MTCIFCMB

Business Summary

Products
savings accounts
fixed-term deposit accounts

The range of products offered by FCM Bank Ltd includes savings accounts, fixed-term deposit accounts.

Financial Positions

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.

Total Assets of FCM Bank Ltd.

Chart 1. Total Assets of FCM Bank Ltd.

Profit and Loss

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.

2016 2017 % change
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.

Profit before Taxes of FCM Bank Ltd.

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.

Annual Profit of FCM Bank Ltd.

Chart 3. Annual Profit of FCM Bank Ltd.

Number of Employees

Number of Employees (2017)
11 

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.

Number of Employees of FCM Bank Ltd.

Chart 4. Number of Employees of FCM Bank Ltd.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
18th (market share 0.26%)

In 2017 FCM Bank Ltd was ranked the 18th largest bank in Malta in terms of total assets, having 0.26% of the domestic market share.

Market share of FCM Bank Ltd (among banks in Malta)

Chart 5. Market share of FCM Bank Ltd (among banks in Malta)

Several banks having the market shares and ranks closest to FCM Bank Ltd are shown below.

RankNameTotal AssetsMarket Share
17Novum Bank Limited89.00 mln EUR0.33%
18FCM Bank Ltd70.00 mln EUR0.26%
19AgriBank PLC35.00 mln EUR0.13%
 

Deposit Guarantee

Deposit Guarantee
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

Further Information

BIC

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.

BIC  FCMFMTMT
Bank BIC Code  FCMF
Country Code  MT (Malta)
Location Code  MT
Branch Code  -

MFI ID

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.

MFI ID  MTCIFCMB

Domestic Presence

Branches (2017)

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.

Branches of FCM Bank Ltd.

Chart 6. Branches of FCM Bank Ltd.