FIMBank (before 2003 - First International Merchant Bank) started operations in 1995; in 2001 its shares were listed on the Malta Stock Exchange. FIMBank plc is headquartered in St. Julian’s is a member of one of the biggest diversified holding companies in the Middle East, the KIPCO Group. FIMBank specializes in provider trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres.
Becoming a client of FIMBank plc can be done in a few steps:
Due to regulatory requirements FIMBank plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual FIMBank plc will ask him/her to provide the following documents: passport; proof of address; source of wealth declaration. For corporate clients FIMBank plc will ask to provide corporate documentation as well as information about controlling persons. FIMBank plc may request additional documentation or information depending on the case.
FIMBank plc is the 5th largest bank in Malta in terms of total assets. In 2018 its total assets were 1 612,86 mln USD, providing the bank with the market share of 5.66%. In 2018 the bank's profit before taxes was 12,99 mln EUR. FIMBank plc had 417 employees in 2017.
FIMBank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative).
FIMBank plc participates in the deposit guarantee scheme of Malta. This deposit guarantee scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign) and covers up to up to 100,000 EUR per bank per depositor. FIMBank plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.
FIMBank plc is a member of KIPCO Group (Kuwait).
FIMBank plc is headquartered in St. Julians.
FIMBank plc has profiles at the following social networks: