FIMBank p.l.c.

About

FIMBank p.l.c. is a leading provider of trade finance, real estate and corporate banking solutions with a global presence in various important financial and trading centres. FIMBank is a customer-driven provider focused on optimising business performance and supporting business growth by developing tailor-made financial solutions. The FIMBank Group saw its beginning in 1994, with the establishment of First International Merchant Bank Ltd, which commenced operations in 1995. In June 2001, the shares of First International Merchant Bank p.l.c. were listed on the Malta Stock Exchange, and four years later the Bank changed its name to FIMBank p.l.c. In 2003, FIMBank acquired full control of UK-registered London Forfaiting Company Ltd, a market leader in forfaiting with an extensive international network spanning five continents.

The year 2013 saw Burgan Bank K.P.S.C. and United Gulf Bank BSC, two highly reputable financial institutions forming part of the Kuwaiti conglomerate KIPCO Group, acquiring an 80 per cent stake in FIMBank. The KIPCO Group is one of the largest diversified holding companies in the Middle East and North Africa, with consolidated assets exceeding USD 34 billion.

The FIMBank Group has successfully made its mark on the international factoring sector with its India Factoring subsidiary in India (established in 2010), Egypt Factors subsidiary in Egypt (established in 2007).