FIMBank Overview and Features

FIMBank is a pioneering financial institution that has been serving the Maltese market for over 30 years. With a strong presence in the country, FIMBank has established itself as a reliable and trustworthy bank.

FIMBank offers a range of banking services, including corporate and retail banking, to meet the diverse needs of its clients. FIMBank's services are designed to provide convenience, flexibility, and security.

FIMBank's commitment to innovation is evident in its use of cutting-edge technology to enhance its services and improve customer experience. The bank's online banking platform allows customers to manage their accounts, pay bills, and transfer funds with ease.

FIMBank's experienced and dedicated team is always available to provide expert advice and support to its clients.

FIMBank was founded in 1994, marking the beginning of its journey as a global financial institution.

The group established its first operation, First International Merchant Bank Ltd, in 1995, which laid the foundation for its future growth.

In 2001, FIMBank's shares were listed on the Malta Stock Exchange, providing a significant boost to its visibility and credibility.

FIMBank acquired full control of London Forfaiting Company Ltd in 2003, expanding its reach and capabilities.

First International Merchant Bank Ltd changed its name to FIMBank p.l.c. in 2005, reflecting its growth and evolution.

FIMBank opened its headquarters in St Julian's in 2011, solidifying its presence in the region.

The bank developed an online savings platform called Easisave in 2012, making it easier for customers to manage their finances.

United Gulf Bank acquired 80 percent of FIMBank shares in 2013, marking a significant milestone in the bank's history.

FIMBank launched its digital banking platform FIMBank Direct in 2017, further enhancing its online services.

The bank's shares were previously owned by United Gulf Bank, but were transferred to United Gulf Holding Company in 2018.

Fitch Ratings revised FIMBank's outlook to Stable in October 2022, affirming its 'B' rating.

The FIMBank Festgeld offers a range of benefits to investors, including interest rates of up to 2.55% per annum.

You can start investing with as little as 1 euro, and the maximum investment amount is 100,000 euros.

Investments can be made with monthly start dates of either the 1st or 15th, providing flexibility for your financial planning.

The FIMBank Festgeld also offers automatic reinvestment, so you can earn interest on your interest.

Investments can be made online through the Weltsparen platform, and there are no fees for account opening or management.

The FIMBank Festgeld is a secure investment, backed by the Depositor Compensation Scheme (DCS) of Malta, which provides protection for deposits up to 100,000 euros.

Here are the interest rates and terms for the FIMBank Festgeld:

Investments can be withdrawn at the end of the term, with no fees or charges.

The FIMBank p.l.c. is one of Malta's leading financial institutions, and since Malta joined the European Union in 2004, depositors can rely on the EU's statutory deposit insurance up to 100,000 euros.

Take a look at this: List of Banks in Malta

The FIMBank p.l.c. itself has limited available ratings, but one rating agency, Fitch, has a relatively average assessment. However, for deposits up to 100,000 euros, we have little concern.

Here's a summary of the FIMBank's ratings:

Unfortunately, the FIMBank does not offer extended deposit insurance.

FIMBank does not withhold source tax in Malta.

The bank pays interest earnings plus solidarity surcharge and possibly church tax, unless a corresponding tax exemption order is in place.

FIMBank offers online account management, allowing you to handle your account without having to visit a physical branch.

You can manage your account online, but banking by phone or mail is not an option.

Online account management is a convenient feature that lets you take care of your financial tasks from the comfort of your own home, or on the go if you prefer.

The FIMBank p.l.c. is a global financial institution specializing in factoring and international trade financing. It was founded in 1994 and has since expanded its operations to five continents.

The bank's takeover by the British London Forfaiting Company Ltd. in 2003 marked a significant milestone in its growth. This acquisition enabled the bank to become one of the largest financial institutions in Malta.

As of the last reported date, the bank's balance sheet stood at approximately 1.58 billion US dollars. This substantial figure underscores the bank's financial stability and capabilities.

The bank's headquarters is located in St. Julian's, a strategic location that facilitates its global operations.

Managing your account with WeltSparen is a breeze, and it's all done online. You can access your account information and perform various tasks through their website.

One way to manage your account is by using the internet. This is the only method WeltSparen offers, so you won't be able to bank by phone or through the post.

You can easily check your account balance, view transactions, and even transfer funds online. Just make sure you have a stable internet connection and a device to access the website.

FIMBank's Festgeld is a solid choice, with decent interest rates of up to 2.55% per annum.

The low minimum deposit requirement of just one euro makes it accessible to even the smallest investors.

The interest rate of 2.55% per annum is a decent return, especially considering the low-risk nature of the investment.

The Einlagensicherung, or deposit insurance, is more than sufficient to protect your investment.

Weltsparen is a good option for those looking for a reliable provider of zinsprodukte, or interest-bearing products.