FIMBank plc – Preliminary Statement of Annual Results

The Board of Directors of FIMBank p.l.c. met in Malta on 11 March 2014 to approve the Consolidated Audited Financial Statements for the financial year ended 31 December 2013.  The Board of Directors resolved that the Consolidated Audited Financial Statements be submitted for approval by the shareholders at the forthcoming Annual General Meeting to be held in Malta on 8 May 2014. At that Meeting, the Board of Directors will not be recommending a dividend but will instead be recommending a 1 for 10 Bonus Issue of Ordinary Shares by way of capitalisation of the Share Premium Account. Shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange on 8 April 2014 (the 'Record Date', i.e. last trading date being 3 April 2014) will be entitled to receive notice of the Annual General Meeting and the Bonus Issue.

The Group registered a loss before tax of $6.4 million, compared toa $8.8 million profit registered in 2012. Net interest income for the period under review amounted to $15.9 million, a rise of 22.9% from 2012. Loss per share amounted to $0.0266. 

To view the official company announcement, click here.