FIMBank explained

FIMBank is the fifth largest Bank in Malta and a public limited company founded in 1994. It is listed on the Malta Stock Exchange.[1] FIMBank is a part of KIPCO Group.[2]

History

FIMBank Group was founded in 1994.[3] The group established First International Merchant Bank Ltd, which began operations in 1995.[4] In 2001, its shares were listed on the Malta Stock Exchange.[5]

In 2003, the group acquired full control of London Forfaiting Company Ltd.[6]

In 2005, First International Merchant Bank Ltd. changed its name to FIMBank p.l.c.[7]

In 2011, FIMBank Group opened its headquarters in St Julian's.[8]

In 2012, FIMBank developed an online savings platform Easisave.[9] In 2013, United Gulf Bank, the commercial banking division of KIPCO and Burgan Bank acquired 80 percent of FIMBank shares, and in 2018, all FIMBank shares previously owned by United Gulf Bank were transferred to United Gulf Holding Company.[10]

FIMBank launched the digital banking platform FIMBank Direct in 2017.[11] [12] In October 2022, Fitch Ratings revised FIMBank's outlook to Stable having affirmed it 'B'.[13]

External links

Fimbank official website

Notes and References

  1. Web site: The INSIGHT Interview: Adrian Gostuski, CEO Of FIMBank - Financial Services - Malta . 2022-12-14 . www.mondaq.com.
  2. Web site: Easisave . 2022-12-14 . www.easisave.com.
  3. Web site: Disclosure . 2022-12-14 . disclosures.ifc.org.
  4. Web site: FIMBANK PLC overview - Find and update company information - GOV.UK . 2022-12-14 . find-and-update.company-information.service.gov.uk . en.
  5. Web site: FIMBank plc (Malta) - Bank Profile . 2022-12-14 . thebanks.eu . en.
  6. Web site: Review . G. T. . GTR . 2003-08-29 . Fimbank wins LFC takeover battle . 2022-12-14 . Global Trade Review (GTR) . en.
  7. Web site: Review . G. T. . FIMBank celebrates 25th anniversary . 2022-12-14 . Global Trade Review (GTR) . en.
  8. Web site: FIMBank: First financial institution to move into The Exchange - The Malta Independent . 2022-12-14 . www.independent.com.mt.
  9. Web site: What’s a saver with more than €1 million on deposit to do? . 2022-12-14 . The Irish Times . en.
  10. News: 2013-05-30 . Kuwait's KIPCO takes majority stake in Malta's Fimbank . en . Reuters . 2022-12-14.
  11. Web site: FIMBank launches digital banking platform - The Malta Independent . 2022-12-14 . www.independent.com.mt.
  12. Web site: FIMBank partners with Finverity to offer global SCF and factoring solutions . 2022-12-14 . thepaypers.com . en.
  13. Web site: Fitch Revises FIMBank's Outlook to Stable; Affirms at 'B'. 2022-12-14 . www.fitchratings.com.

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