Acquisition of FCM Bank Limited by SAB Group

On 30 November 2017, SAB Europe Holding Ltd and SAB Finance a.s. acquired a 100% shareholding in FCM Bank Ltd.  SAB Europe Holding Ltd and SAB Finance a.s. are part of SAB Group, a Czech based strong financial group. The acquisition was approved by all relevant authorities in line with European Union regulation (i.e. Malta Financial Services Authority as the national competent authority and the European Central Bank as the final decision authority). The new shareholder would like to thank all parties involved in the transaction, including their advisors Chetcuti Cauchi Advocates.

 

SAB Group has a long and successful 17 year business history with its main focus being on corporate customers.  The Group presently employs over 150 employees and services 15 thousand corporate customers with an annual turnover of EUR 7 billion. SAB has deep knowhow in corporate payment business and spot foreign exchange services and is a leader in the Czech market. It has extensive experience in banking and financial services and has a fully developed infrastructure and significant resources at its disposal. It also owns regulated financial institutions in other European locations - United Kingdom, with an office in London, Slovakia and a significant stake in a Czech credit institution.

 

The acquisition of FCM Bank Limited is in line with SAB's international growth strategy.  The synergies created between the Bank and SAB will make the Bank stronger and will create significant opportunities for all the stakeholders.  Customers will benefit from increased benefits, new services and products.

 

The Bank will be extending a high quality service to corporate, private and retail banking customers in Malta with a clearly defined vision to extend similar services in other countries in the European Union. SAB plans to invest heavily in resources to grow and develop the Bank and contribute towards the Maltese economy. A high quality service will be extended to customers by a strong and fully trained workforce.