FIMBank is the fifth largest Bank in

Malta Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...

and a public limited company founded in

1994 The year 1994 was designated as the " International Year of the Family" and the "International Year of Sport and the Olympic Ideal" by the United Nations. In the Line Islands and Phoenix Islands of Kiribati, 1994 had only 364 days, omitti ...

. It is listed on the

Malta Stock Exchange The Malta Stock Exchange (), known as the Borża ta' Malta, is the stock exchange of the island nation of Malta. Established in 1992, it is fully owned by the Maltese government. The Malta Stock Exchange has been key to the raising of capital f ...

(). FIMBank is a part of KIPCO Group.

History

FIMBank Group was founded in 1994. The group established First International Merchant Bank Ltd, which began operations in 1995. In 2001, its shares were listed on the Malta Stock Exchange. In 2003, the group acquired full control of London Forfaiting Company Ltd. In 2005, First International Merchant Bank Ltd. changed its name to FIMBank p.l.c. In 2011, FIMBank Group opened its headquarters in St Julian's. In 2012, FIMBank developed an online savings platform Easisave. In 2013, United Gulf Bank, the commercial banking division of

KIPCO Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region. KIPCO, with consolidated assets of $40.1 billion as of 31 December 2023, operates in 20+ countries across multi ...

and

Burgan Bank Burgan Bank, established , is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets. A subsidiary of Kuwait Projects Company Holding, it operates a network of 24 branches and over 100 ATMs. In 2007 ...

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

References

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External links

Fimbank official website
Banks of Malta Banks established in 1994