FIMBank plc

 (3.2; 5 ratings)
3.2 5
Business Focus
trade finance

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.

Services

retail banking
corporate banking

Area Served

MTMalta
internationally
DEGermany
ESSpain

Products

current accounts
credit cards
trade finance
factoring
forfaiting

Account Currencies

EUEUR (Euro)
USUSD (US dollar)

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of FIMBank plc can be done in a few steps:

1.
Submit online application
2.
Upload documents
3.
Make transfer

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.

Ways to Bank

FIMBank plc delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of FIMBank plc
Profit_before_taxes of FIMBank plc
Market Share of FIMBank plc
Total Assets (2018)
1,612.86 mln USD  (+15.75%)
Profit before Taxes (2018)
12.99 mln EUR  (+29.90%)
Number of Employees (2017)
417  (+7.75%)

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.

Credit Ratings

Fitch: B+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

FIMBank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Depositor Compensation Scheme (DCS)
Covered Depositors
natural persons (Maltese and foreign)
legal entities (Maltese and foreign)
Covered Accounts
most types of deposits

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.

Member of Group

 KIPCO Group (Kuwait)

FIMBank plc is a member of KIPCO Group (Kuwait).

Contacts

Mercury Tower, The Exchange Financial & Business Centre, Elia Zammit Street, St. Julians STJ 3155, STJ 3155, St. Julians, Malta
0035621322100
0035621322122

FIMBank plc is headquartered in St. Julians.

Social Networks

FIMBank plc has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
FIMBMTM3XXX
LEI
529900Q2C3I7VCILLG45
MFI ID
MTCIFIMB

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See Also

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