INAUGURATION - 6th September 2013

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The ExecutiveIssue No. 54 - 2013

Company Highlight: FIMBank

Prime Minister Inaugurates FIMBank’s

New Head Office Building

Mercury Tower, the building which hosts the new Malta head office of

global trade finance specialist FIMBank plc, was inaugurated on Friday

6th September by Prime Minister Joseph Muscat during a ceremony held

to mark the occasion. This state-of-the-art and environmentally-friendly

building forms part of The Exchange, the financial and business centre in

the heart of St. Julian’s.

Banking news

42 | www.maltaeconomicupdate.com

FIMBank gloBal head oFFIce

Inaugurated

Addressing the guests attending the

inauguration ceremony, Dr Muscat said,

“It is with great pleasure that today I

inaugurate FIMBank’s head office in

Malta. With its strong international

banking network, the bank is today a

global player on the world stage, thus

I am delighted that such an institution

chose our country to service its large

network of international offices across

the globe. Malta, which has a millennial

tradition for trading is a perfect location

for a bank which specialises in trade

finance. Our banking system stands on

solid ground given the sound financial

services regulations. My government is

committed to ensure the best setting for

foreign investors who chose our country

as we want Malta to be a key global player

in areas such as the financial services

sector. The time is right to expand beyond

European shores, thus FIMBank’s Group

strategy falls within my government’s

vision for this country”.

Speaking on the occasion, FIMBank

Group President Margrith Lutschg-

Emmenegger said that: “This new global

head office is another landmark in

FIMBank’s success story. Being firmly

rooted in Malta, our ambition is to see

the island become a centre of excellence

in trade finance. As we have always done

in the past, we will continue to promote

Malta as a strategic location at the centre

of the Mediterranean, one which offers

a stable environment, a pool of highly

educated bankers, a strong regulator and

a financial services model that has bi-

partisan backing.”

The Mercury Tower development consists

of over 8,000 square metres of modern

office space and includes sophisticated

installations, including superior external

thermal insulation, high performance

glazing, building management system,

intelligent lighting, reverse osmosis and

airconditioning heat recovery units. The

Bank also constructed a reservoir for

the harvesting of half a million litres of

rain water. Whilst describing the various

environmentally friendly installations

within the building, Ms Lutschg-

Emmenegger stated that; “FIMBank

has been very proactive in designing

an energy efficient office to reduce its

environmental impact, and the Bank is

committed to review its performance and

implement more eco-friendly business

practices in future.”

For more information about FIMBank

visit www.fimbank.com.

Mercury Tower, the building which hosts the new global head office

of trade finance specialist FIMBank plc, was inaugurated on Friday

6th September by Prime Minister Joseph Muscat during a ceremony

held to mark the occasion.

By Jason Zammt

TEU

Prime Minister Joseph Muscat with FIMBank’s Chairman, President and members of the Board

PRESIDENT’S VISIT - 20th September 2013