FIMBank plc – Interim Directors’ Statement

The bank announced that the process to operating health has continued during the third quarter of 2016 and the Board is in a position to report the positive trend registered during the first half with regard to its performance and objectives. Cost control measures have shown their positive results and the management of risk appetite has resulted in a very strong and controlled assets’ portfolio characterized by a significant quality improvement.

The process to operating health has continued during the third quarter of 2016 and the Board is in a position to report the positive trend registered during the first half with regard to its performance and objectives. Cost control measures have shown their positive results and the management of risk appetite has resulted in a very strong and controlled assets’ portfolio characterized by a significant quality improvement.

The above notwithstanding difficult market conditions which have definitively not improved if not deteriorated. In view of such conditions the Board of Directors of FIMBank has adopted a very conservative and prudent business model and approach.

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