User:Lbal0002/sandbox

1. HISTORY
The FIMBank Group saw its beginning in 1994 with the establishment of First International Merchant Bank Ltd. In June 2001, the shares of First International Merchant Bank p.l.c. were listed on the Malta Stock Exchange. In 2003, FIMBank acquired full control of UK registered London Forfaiting Company Ltd.

During an Extraordinary General Meeting convened on 31 January 2013, an overwhelming majority of FIMBank plc shareholders approved two resolutions which enabled Burgan Bank of Kuwait and United Gulf Bank B.S.C. of Bahrain, both members of KIPCO, to acquire a controlling interest in the company. As at 31 December 2021, United Gulf Holding Company B.S.C held a 79% shareholding in FIMBank plc.

2. SERVICES
FIMBank provides a comprehensive range of banking services, including trade finance, factoring, forfaiting and real estate finance. As part of its services portfolio, FIMBank has also developed the Easisave brand, an online savings platform specifically targeting the retail segment.

3. PERFORMANCE IN 2021 (January-June)
For the six-month period ending 30th June 2021, the Group registered a pre-tax profit of USD2.3 million.