BNF Bank plc (formerly Banif Bank (Malta) plc)

BNF Bank plc (formerly known as Banif Bank (Malta) plc) started operations in Malta in 2008. BNF Bank provides personal and business and corporate banking products and services with a focus of lending to the local community, including local SMEs.

Services

Personal Banking
Corporate and Business Banking

Products

Financials

Total Assets (2016)
523.00 mln EUR  (+1.16%)
Number of Employees (2015)
158  (+5.33%)

BNF Bank plc is the 9th largest bank in Malta in terms of total assets. In 2016 its total assets were 523,00 mln EUR, providing the bank with the market share of 2.01%. BNF Bank plc had 158 employees in 2015.

BNF Bank plc participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

203, Level 2, Rue d'Argens,, GZR 1368, Gzira, Malta
22601100
21312000

BNF Bank plc is headquartered in Gzira.

Bank Identifiers

BIC (SWIFT)
BNIFMTM1XXX
MFI ID
MTCIBANF

Business Summary

Services
personal banking
corporate and business banking
Products
current accounts
deposit accounts
debit cards
credit cards
overdrafts
loans
trade finance
savings accounts (0.70 - 0.70 %)
time deposit accounts (1.00 - 1.60 %)

BNF Bank plc provides products and services in the areas of personal banking, corporate and business banking. The range of products offered by BNF Bank plc includes current accounts, deposit accounts, debit cards, credit cards, overdrafts, loans, trade finance, savings accounts (0.70 - 0.70 %), time deposit accounts (1.00 - 1.60 %).

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with BNF Bank plc are covered by deposit guarantee scheme of Malta up to 100 000 EUR per depositor. BNF Bank plc offers the following savings accounts.

Updated on 17 December 2018

Flexgeld24
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.70 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Flexgeld24
Account Currency
EUR
Interest Rate (p.a.)
0.70 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with BNF Bank plc are covered by deposit guarantee scheme of Malta up to 100 000 EUR per depositor. BNF Bank plc offers the following time deposit accounts.

Updated on 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
12
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.15 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.15 %
Deposit Term (months)
24
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
36
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.60 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.60 %
Deposit Term (months)
60
Investment Amount
1 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2016)
523.00 mln EUR  (+1.16%)

In 2016 total assets of BNF Bank plc were 523.00 mln EUR. Growth compared to the previous period (2015) was 1.16%. The evolution of the total assets of BNF Bank plc is shown at Chart 1 below.

Total Assets of BNF Bank plc.

Chart 1. Total Assets of BNF Bank plc.

Profit and Loss

Annual Profit (2016)
2.00 mln EUR  (+100.00%)

Recent changes in gross profit of BNF Bank plc and its main components are shown in Table 1.

2015 2016 % change
Net Interest Income 10.0 10.0 0.00%
Net Commission Income 2.0 2.0 0.00%
Table 1. Recent changes in gross profit of BNF Bank plc (mln EUR).

In 2016 annual profit of BNF Bank plc was 2.00 mln EUR. Growth compared to the previous period (2015) was 100.00%. The evolution of the annual profit of BNF Bank plc is shown at Chart 2 below.

Annual Profit of BNF Bank plc.

Chart 2. Annual Profit of BNF Bank plc.

Number of Employees

Number of Employees (2015)
158  (+5.33%)

In 2015 there were 158 employees of BNF Bank plc. Growth compared to the previous period (2014) was 5.33%. The evolution of the number of employees of BNF Bank plc is shown at Chart 3 below.

Number of Employees of BNF Bank plc.

Chart 3. Number of Employees of BNF Bank plc.

Market Share and Rank (among banks in Malta)

Total Assets (2016)
9th (market share 2.01%)

In 2016 BNF Bank plc was ranked the 9th largest bank in Malta in terms of total assets, having 2.01% of the domestic market share.

Market share of BNF Bank plc (among banks in Malta)

Chart 4. Market share of BNF Bank plc (among banks in Malta)

Several banks having the market shares and ranks closest to BNF Bank plc are shown below.

RankNameTotal AssetsMarket Share
8NBG Bank Malta Ltd585.00 mln EUR2.25%
9BNF Bank plc523.00 mln EUR2.01%
10Sparkasse Bank Malta plc485.00 mln EUR1.86%
 

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 are obliged to participate in Maltese deposit guarantee scheme.

In the case of BNF Bank 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 BNF Bank plc and its components are shown in the table below.

BIC  BNIFMTM1XXX
Bank BIC Code  BNIF
Country Code  MT (Malta)
Location Code  M1
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 BNF Bank plc is shown in the table below.

MFI ID  MTCIBANF

Domestic Presence

Branches (2015)
12 

In 2015 BNF Bank plc had 12 branches in Malta. The value didn't change compared to the previous period (2014).