Malta Banking News

The benefits of Easisave, FIMBank plc’s high interest online savings account, will be promoted in Malta and Gozo during the next five weeks.

FIMBank Group reports USD 9.13 million after-tax profit during its Annual General Meeting which was held at the Hilton Hotel in St Julian’s, Malta, on the 10th May 2012.

FIMBank plc is supporting this year’s Malta Fashion Week and is the event’s official financial institution. The Malta Fashion Week is organised by Unique Promotions and being held between the 6thand 12th May.

Conservation work on the monument commemorating philanthropist Giovanni Di Nicolò Pappaffy, located at the Maglio Gardens in Floriana and the work of sculptor Vincent Apap, is now complete.

The FIMBank Group registered a 35% increase in its after tax-profit during 2011, to reach USD9.13 million at the end of that year.

Malta-based Trade Finance specialist FIMBank recently brought together the CEOs of all its international factoring JV to discuss corporate strategy and opportunities for growth within the context of the current global economic and financial scenario.

Global Finance, a leading global corporate finance monthly magazine with over 200,000 readers internationally, has proclaimed FIMBank as the Best Trade Finance Bank in Malta for 2012.

More than 100 theatre visitors who booked their theatre performance tickets on www.teatrumanoel.com.mt have received 50% cash back on their theatre tickets purchased, just in time for Christmas.

FIMBank plc and London Forfaiting Company Ltd, both forming part of the FIMBank Group, were recently declared Best Factoring House and Best Boutique Trade Finance Institution respectively by international trade finance magazine Global Trade Review.

IFC, a member of the World Bank Group, FIMBank plc, the Malta-based trade finance bank, and BICBANCO launched BRASILFACTORS to offer domestic and cross border factoring and complementary services to Brazilian corporates and SMEs.

Miss World Malta Claire-Marie Busuttil recently presented the winner of the DSearch televoting competition, Mr. Gaetano Borg, with a holiday in Paris for two courtesy of the competition’s main sponsor Easisave.

The FIMBank Group has announced an after-tax profit of USD4.08 million for the six months ended 30 June 2011, an increase of over 20% when compared with USD3.39 million registered for the same period in 2010.

Egypt Factors has appointed Mr. Hisham Haikal as the company's Managing Director.

The services provided by FIMBank plc and London Forfaiting Company Ltd, two companies within the FIMBank Group, have been acclaimed as the best in their categories by the readers of prestigious international publication, Trade & Forfaiting Review.

The Easisave team will be available throughout the Malta Jazz Festival to highlight the attributes of this innovative savings product and explain its relevance for investors seeking a higher interest on their savings.

Opening a bank account Who can open a Swiss bank account?

FIMBank, Malta-based specialist trade finance Bank, will be sponsoring the conservation of the nine monuments which adorn the Maglio Gardens (Floriana), better known to the Maltese as “il-Mall”. The project will be coordinated by Din l-Art Helwa.

Oxbridge & KSi Malta will be offering Maltese and other European issuers preferred access to the international capital markets through its proprietary structured lending program, which offers synthetic or structured leases to clients to fund projects

Easisave, an online savings product developed by FIMBank plc, will be sponsoring the 21st Edition of the Malta Jazz Festival.

IFC, a member of the World Bank Group, has entered into a loan agreement with FIMBank to help ensure that its client companies in the Middle East and Africa can import the production materials and machinery they need to grow their businesses.

“We are now looking at a period of growth, with trade finance activity gradually reverting to pre-crisis levels” - FIMBank President Margrith Lütschg-Emmenegger

Easisave.com, an innovative online savings account, was launched recently. The product, which offers one of the most competitive interest rates, currently pays 2.5% gross per annum.

The monument commemorating the Great Siege of 1565, an Antonio Sciortino masterpiece, is set to become the focus of a conservation initiative which aims to preserve this major Valletta landmark for future generations.

FIMBank plc and London Forfaiting Company Ltd, two companies which form part of the FIMBank Group, emerged as winners in their respective categories in the prestigious Global Trade Review (GTR).

FIMBank plc, in collaboration with leading Romanian business newspaper Ziarul Financiar, organized a conference on the 6th October in Bucharest on “How to finance your business through factoring”.

A Battery Buster Van is currently doing the rounds of supermarkets and other outlets collecting used batteries deposited by consumers in special bins as part of the Battery Buster Campaign.

As part of its Corporate Social Responsibility Programme, FIMBank plc sponsored and supported a major initiative designed to raise awareness amongst students about the impact batteries have on our health and environment when disposed of incorrectly.

The President of FIMBank plc, Margrith Lütschg-Emmenegger, recently delivered a speech on "The Financial Crisis: Implications for Trade Finance and Growth" as part of the World Bank Institute's course on Export Development and Diversification.

The National School Battery Collection Campaign, managed by WasteServ Malta Ltd and sponsored and supported by FIMBank p.l.c. as part of its corporate social responsibility programme for 2009, has been launched.

deVere & Partners Group, the world’s largest offshore Financial Advisory Firm, and Deutsche Bank today announced that they have extended their global strategic alliance through to the end of 2008.

Soon after forming a strategic alliance to provide offshore investors with access to proprietary investment funds and strategies, the deVere & Partners Group and Deutsche Bank are very pleased to report on its remarkable success.

The deVere & Partners Group, the world’s largest offshore Financial Advisory Firm, and Deutsche Bank today announced that they have established a global strategic alliance.