Audited Financials 2020

The directors of the bank have presented the audited financial statements of FCM Bank for the year ended 31st December 2020.

In 2020 FCM Bank Limited recorded a profit of €404,925 whilst operating income stood at €2,693,069, which is an overall improvement over the previous year. The results are driven by an increase in interest income attributed to the growth of its corporate lending business. The bank remains highly liquid and very well capitalised and focused on developing the business.

During the year, the bank continued to focus its efforts on its corporate lending business. 2020 saw loans and advances to customers increase by €26,353,885 bringing total loans and advances to customers to €43,918,435. Customer deposits also increased bringing total deposits up to €83,546,776. 

We look forward to 2021, which is proving to be another successful year for FCM Bank Limited.