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.
BNF Bank plc is the 9th largest bank in Malta in terms of total assets. In 2017 its total assets were 568,00 mln EUR, providing the bank with the market share of 2.09%. In 2017 the bank's profit before taxes was 1,00 mln EUR. BNF Bank plc had 201 employees in 2017.
BNF Bank plc participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.
BNF Bank plc is headquartered in Gzira.
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 (0.25 - 0.25 %), time deposit accounts (1.00 - 1.60 %).
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 22 February 2019
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 22 February 2019
|Total Assets (2017)|
|568.00 mln EUR (+8.60%)|
In 2017 total assets of BNF Bank plc were 568.00 mln EUR. Growth compared to the previous period (2016) was 8.60%. The evolution of the total assets of BNF Bank plc is shown at Chart 1 below.
Chart 1. Total Assets of BNF Bank plc.
|Profit before Taxes (2017)|
|1.00 mln EUR (-50.00%)|
|Annual Profit (2017)|
|870 000.00 EUR (-56.50%)|
Recent changes in gross profit of BNF Bank plc and its main components are shown in Table 1.
|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 2017 profit before taxes of BNF Bank plc was 1.00 mln EUR. Decline compared to the previous period (2016) was -50.00%. The evolution of the profit before taxes of BNF Bank plc is shown at Chart 2 below.
Chart 2. Profit before Taxes of BNF Bank plc.
In 2017 annual profit of BNF Bank plc was 870 000.00 EUR. Decline compared to the previous period (2016) was -56.50%. The evolution of the annual profit of BNF Bank plc is shown at Chart 3 below.
Chart 3. Annual Profit of BNF Bank plc.
|Number of Employees (2017)|
In 2017 there were 201 employees of BNF Bank plc. Growth compared to the previous period (2016) was 24.84%. The evolution of the number of employees of BNF Bank plc is shown at Chart 4 below.
Chart 4. Number of Employees of BNF Bank plc.
|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 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|
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.
|Bank BIC Code||BNIF|
|Country Code||MT (Malta)|
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.
In 2017 BNF Bank plc had 12 branches in Malta. The value didn't change compared to the previous period (2016). The evolution of the number of branches of BNF Bank plc is shown at Chart 6 below.
Chart 6. Branches of BNF Bank plc.