AgriBank PLC

AgriBank plc was established in Malta in 2012. AgriBank plc's business model is to provide finance lease and hire-purchase agreements to customers within the United Kingdom’s agricultural sector, while operating solely through an online platform. AgriBank plc obtains its funding through retail deposits, wholesale funding, bonds and equity.

Services

Leasing and Hire-purchase
Retail Deposits

Financials

Total Assets (2017)
35.00 mln EUR  (+20.69%)
Profit before Taxes (2017)
0.00 EUR
Number of Employees (2015)
12  (+33.33%)

AgriBank PLC is the 19th largest bank in Malta in terms of total assets. In 2017 its total assets were 35,00 mln EUR, providing the bank with the market share of 0.13%. In 2017 the bank's profit before taxes was 0,00 EUR. AgriBank PLC had 12 employees in 2015.

AgriBank PLC participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

SKYPARKS BUSINESS CENTRE,LEVEL 1,VJAL L- AVJAZZJONI, LQA 4000, LUQA, Malta
20926000

AgriBank PLC is headquartered in LUQA.

Bank Identifiers

BIC (SWIFT)
AGRKMTMTXXX
MFI ID
MTCIAGRI

Business Summary

Services
leasing and hire-purchase
retail deposits

AgriBank PLC provides products and services in the areas of leasing and hire-purchase, retail deposits.

Financial Positions

Total Assets (2017)
35.00 mln EUR  (+20.69%)

In 2017 total assets of AgriBank PLC were 35.00 mln EUR. Growth compared to the previous period (2016) was 20.69%. The evolution of the total assets of AgriBank PLC is shown at Chart 1 below.

Total Assets of AgriBank PLC.

Chart 1. Total Assets of AgriBank PLC.

Profit and Loss

Profit before Taxes (2017)
0.00 EUR
Annual Profit (2016)
0.00 EUR

Recent changes in gross profit of AgriBank PLC and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 1.0 1.0 0.00%
Net Commission Income 0.0 0.0
Table 1. Recent changes in gross profit of AgriBank PLC (mln EUR).

In 2017 profit before taxes of AgriBank PLC was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the profit before taxes of AgriBank PLC is shown at Chart 2 below.

Profit before Taxes of AgriBank PLC.

Chart 2. Profit before Taxes of AgriBank PLC.

In 2016 annual profit of AgriBank PLC was 0.00 EUR. The value didn't change compared to the previous period (2015). The evolution of the annual profit of AgriBank PLC is shown at Chart 3 below.

Annual Profit of AgriBank PLC.

Chart 3. Annual Profit of AgriBank PLC.

Number of Employees

Number of Employees (2015)
12  (+33.33%)

In 2015 there were 12 employees of AgriBank PLC. Growth compared to the previous period (2014) was 33.33%. The evolution of the number of employees of AgriBank PLC is shown at Chart 4 below.

Number of Employees of AgriBank PLC.

Chart 4. Number of Employees of AgriBank PLC.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
19th (market share 0.13%)

In 2017 AgriBank PLC was ranked the 19th largest bank in Malta in terms of total assets, having 0.13% of the domestic market share.

Market share of AgriBank PLC (among banks in Malta)

Chart 5. Market share of AgriBank PLC (among banks in Malta)

Several banks having the market shares and ranks closest to AgriBank PLC are shown below.

RankNameTotal AssetsMarket Share
18FCM Bank Ltd70.00 mln EUR0.26%
19AgriBank PLC35.00 mln EUR0.13%
20MFC Merchant Bank Limited15.00 mln EUR0.06%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

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, except for branches of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.

In the case of AgriBank PLC 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

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.

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).

BIC of AgriBank PLC and its components are shown in the table below.

BIC  AGRKMTMTXXX
Bank BIC Code  AGRK
Country Code  MT (Malta)
Location Code  MT
Branch Code  XXX

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.

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.

MFI ID of AgriBank PLC is shown in the table below.

MFI ID  MTCIAGRI

Domestic Presence

Branches (2015)

In 2015 AgriBank PLC had 1 branches in Malta. The value didn't change compared to the previous period (2014).