“FIMBank’s 25th anniversary is a strong message in itself. The bank has developed a reputation for trustworthiness and reliability, as we continue building strong banking relationships with our clients in over 50 countries,” said Murali Subramanian, CEO of the FIMBank Group.

“It is a significant milestone for FIMBank, a clear indication of the Group’s ability to adapt to changing circumstances. We are pleased to be in a position where we can celebrate our long-term successes, whilst looking forward to the future with optimism, as we continue to build on our solid foundations.” Mr Subramanian added. 

The group commenced its operations back in 1994. In 2001, its shares were listed on the Malta Stock Exchange (MSE) and in 2003 the bank started its international network expansion growing in London, Dubai, Cairo and India, as the press release says.

The post FIMBank celebrates 25th anniversary first appeared on The Malta Business Weekly.

Chief Business Development Officer Kenneth Farrugia and Chief Officer Investment Services Romeo Cutajar attended the official event at the Malta Stock Exchange to formally commemorate the first day of trading in the presence of the MSE Chairman Joseph Portelli and CEO Simon Zammit.

“Here at the Malta Stock Exchange, we consider Bank of Valletta as an esteemed major issuer. The ringing of the MSE bell has become a rite of passage on the first day of trading and we are glad to add BOV’s latest Bond Issue on the Main Market,” said Mr Portelli.

“We are very pleased to have yet another financial instrument listed on the Malta Stock Exchange. We are very proud to be able to say that Bank of Valletta has consolidated itself as a solid and rewarding investment over the years, and the prompt take up of the offer confirms that the investing public firmly believes in the strength and success of the BOV Group,” Mr Farrugia added.

The post BOV lists €50m 3.75% bond on stock exchange first appeared on The Malta Business Weekly.

Founded in late 2016 and launched in early 2017, Fetch It was launched aiming to revolutionise the transportation of goods and products in Malta. 

“Our key contributions came purely through a marketing and tech focus, arguably elements which were mostly needed to get the company off the ground. We realised we had less to contribute in terms of the ongoing operational endeavours of the company, which were now naturally the central focus of this business model,” said Zak Borg.  

As Anchovy was going through the arduous process of going public on the Malta Stock Exchange (MSE), the Borg brothers say they felt it was time to part ways with Fetch It. 

“It was not a case of pulling out because we did not believe in the business. We believe in Fetch It wholeheartedly and we still do to this day. We as Anchovy simply felt that we could not continue investing our time in this venture and could no longer contribute as profoundly as we did to the business, given its stage,” added Zak Borg. 

“While it was really sad to part ways with such a great business, it also proved a great learning curve for us, being our first exit so to speak. The emotional connection to something you helped build is incredibly strong, so making this decision was especially tough,” continued Benji Borg.   

The post Anchovy parts with Fetch It ‘amicably’ first appeared on The Malta Business Weekly.