FCM Bank Appoints Øyvind Oanes as Director

Thursday 2nd April 2015

 Oyvind Oanes FCM Director

FCM Bank, Malta’s specialised savings bank, recently appointed Øyvind Oanes to its board as a non-executive director. Mr Oanes boasts extensive experience in the European banking sector, and he has brought a unique set of additional skills to FCM Bank.


Speaking about his appointment, Mr Oanes said: “FCM Bank is definitely an attractive challenger on the local market, as highlighted by its steady growth of customers. I believe Maltese customers have a lot to benefit from the Bank’s ‘frills-free’ approach and simple set of banking products.


“In fact, this was recently highlighted by Global Finance Magazine, who named FCM Bank Malta’s Best Developed Market Bank for 2015. This, along with other recent achievements, clearly highlights that FCM is fast establishing itself as a significant market player.”


Mr Oanes brings a wealth of experience to his new appointment. He started his banking career with GE Capital in Norway in 1999, where he helped to develop a very strong sales finance business that has since set the benchmark of the Group.


In 2005 he was asked to take on the role of chief marketing officer for GE Capital's newly acquired bank in Russia, and he spent three years in Moscow turning it into a significant market player. Then, in 2008, Mr Oanes joined BAWAG PSK in Vienna, where he helped to turn it from a loss-making company into a bank that is now one of the most profitable on the market.


“In 2012 I joined ZUNO Bank as a member of its board and, today, I am the company’s CEO,” Mr Oanes continues. “I saw joining ZUNO as a once-in-a-lifetime opportunity to help lead a start-up in the digital banking industry.


“Since then, ZUNO has grown to become a strong brand in Slovakia and the Czech Republic, and it now serves over 250,000 customers. It has been a very exciting couple of years, and I am eager to share everything I have learnt with my new colleagues at FCM Bank.”


Mr Oanes was introduced to FCM Bank by its founder, Tim Babich, in 2014. “Mr Babich spoke to me about his vision for the Bank and I found it very interesting,” continues Mr Oanes. “After discussing my experiences at ZUNO, he invited me to Malta to meet with the team here, and there was instantly synergy. I am now very much on board with their plans for the future, and keen to develop the fast-growing success that FCM Bank is already enjoying.”


Moving forward, Mr Oanes plans to support FCM Bank to develop an even stronger direct banking offering for its home-market in Malta. “I also hope that I can transfer some of my experience in building up banking businesses on various markets, thus helping FCM Bank to take its first steps towards new markets.


“I believe that FCM will continue to build a stronger position on the Maltese market, especially as more and more customers come to understand that there is a strong, new alternative to traditional banks,” he says.


Speaking on behalf of FCM Bank, chairman John Soler said: "I am delighted to welcome Oyvind as an additional non-executive director on the board of FCM Bank Limited. His European experience and his considerable retail banking knowledge will be a big asset as we continue to grow the Bank into the future.”