Ferratum Bank Limited (formerly Ferratum Bank (Malta) Limited)

Registration Name  Ferratum Bank Limited
Location  Malta, Sliema

Bank Identifiers 
    BIC (SWIFT)  FEMAMTM1
    MFI ID  MTCIFERB
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Website  www.ferratumgroup.com

Ferratum Bank Limited is located at Malta, Sliema. It is one of 28 credit institutions operating in Malta.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  FEMAMTM1
Bank BIC Code  FEMA
Country Code  MT (Malta)
Location Code  M1
Branch Code  -

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  MTCIFERB

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Malta are obliged to participate in Maltese deposit guarantee scheme.

In the case of Ferratum Bank Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  most types of deposit are covered, including current, deposit and savings accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  in the same currency as the deposit

Further Information: Deposit Guarantee Scheme in Malta

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Contact Information


Primary Address  SLM 1551, Sliema, Tagliaferro Business Centre, Level 6, 14 High Street,
E-Mail  lea.liigus@ferratum.com
Website  www.ferratumgroup.com

Related Information on Malta

Economy and Banking Sector of Malta

List of Banks in Malta