FCM Bank Achieves Record Profit and Strong Growth in 2024

FCM Bank Limited is proud to report record financial results for the year ending 2024, reflecting exceptional growth across its core business segments and the successful delivery of its strategic priorities.

The Bank posted a profit before tax of €8.06 million, the highest in its history and nearly double the €4.1 million achieved in 2023. Operating income grew by over 43%, reaching €17.95 million, driven by strong interest income as well as operational efficiency.

Customer trust in the Bank continued to grow, with total deposits increasing by €46.72 million to €451.05 million. The Bank welcomed 4,634 customers in 2024, up from 2,983 in the previous year, marking a 55% increase. Notably, the Maltese customer base grew by over 200%, reflecting the success of targeted marketing efforts and attractive interest rate offerings.

Throughout the year, FCM Bank maintained its focus on corporate lending in Malta and the Czech Republic, particularly in the real estate development sector. These activities remain aligned with the Bank’s risk management framework and sustainability goals.

The Bank also reinforced its capital position, increasing total own funds to €81.8 million and improving its capital adequacy ratio to 18.4%. In light of its strong performance, the Board has proposed a scrip dividend of €5.11 million, to be distributed in the form of new shares.

Looking ahead to 2025, FCM Bank remains committed to:

• Investing in digital innovation
• Expanding its lending activities
• Enhancing its product and service portfolio

These initiatives are designed to deliver long-term value to customers, shareholders, and the wider community.

We extend our sincere thanks to our clients, employees, shareholders, and business partners for their continued trust and support.

Back to news