FIMBank group announced an after-tax profit of $10.2 million for the year that ended last December. In a statement, the bank said that its profits increased by $2.5 million when compared with 2017.
FIMBank’s chief executive, Murali Subramanian, stated that the results reflect the growth in the bank’s business, both locally and internationally.
The bank’s chairman, Dr John C. Grech, said that the results were achieved despite the challenges affecting the banking sector. He stated that the bank’s strategy is focused on its strengthening and sustainable growth.