The FIMBank Group's Consolidated Audited Financial Statements show that for the year ended 31 December 2017, the Group registered a profit of $7.7 million, compared to a restated profit of $5.4 million in 2016. At 31 December 2017, total Consolidated Assets stood at $1.64 billion, a decrease of 6 per cent on the $1.74 billion reported at end 2016. The drop in assets is attributed to a reduction in business assets aimed at achieving better capital requirements, partly offset by increases in treasury balances as a result of higher liquidity requirements. In fact, Trading Assets decreased by $127 million, whilst Loans and Advances to Customers increased by $140 million.

At the end of the period under review, Total Consolidated Liabilities stood at $1.47 billion, down by 6 per cent from $1.57 billion in 2016. Operating Income before net impairment for 2017 stood at $51.7 million, an increase of 12% over the $46.1 million registered in 2016. During 2017, net interest income rose by $3.0 million as a result of overall improved interest yields and increased efficiency in cost of funds and funding volumes. This rise was also mirrored in an increase of $3.7 million in net fee income, to $18.5 million, on improved fees on documentary credits and forfaiting.

During 2017, the Group changed its accountancy policy and started measuring owned properties at their fair value. This resulted in a fair value gain of $3.4 million in 2017. Meanwhile, net impairments for the year improved, from a loss of $2.2 million in 2016, to a net recovery position of $2.2 million in 2017, a result of significant recoveries made by the Bank and its subsidiaries, which also assisted with increases in coverage.