CommBank Europe Ltd.

CommBank Europe Ltd is a subsidiary of Commonwealth Bank of Australia, a multi-national Australian bank presenting across Europe, the Americas and Asia-Pacific regions. CommBank Europe Ltd was registered in Malta in 2005 and mainly focuses on infrastructure and utilities solutions, corporate lending and asset finance solutions to its clients in Europe.

Services

Corporate Lending
Asset Finance

Financials

Total Assets (2017)
660.00 mln EUR  (+6.80%)
Profit before Taxes (2017)
-4 000 000.00 EUR
Number of Employees (2015)
10  (+25.00%)

CommBank Europe Ltd. is the 7th largest bank in Malta in terms of total assets. In 2017 its total assets were 660,00 mln EUR, providing the bank with the market share of 2.43%. In 2017 the bank's profit before taxes was -4,00 mln EUR. CommBank Europe Ltd. had 10 employees in 2015.

CommBank Europe Ltd. participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Floor 3, Strand Towers, 36 The Strand, SLM 1022, Sliema, Malta
21320812
21320811

CommBank Europe Ltd. is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
CTBEMTM1XXX
MFI ID
MTCICOMM

Business Summary

Services
corporate lending
asset finance

CommBank Europe Ltd. provides products and services in the areas of corporate lending, asset finance.

Financial Positions

Total Assets (2017)
660.00 mln EUR  (+6.80%)

In 2017 total assets of CommBank Europe Ltd. were 660.00 mln EUR. Growth compared to the previous period (2016) was 6.80%. The evolution of the total assets of CommBank Europe Ltd. is shown at Chart 1 below.

Total Assets of CommBank Europe Ltd..

Chart 1. Total Assets of CommBank Europe Ltd..

Profit and Loss

Profit before Taxes (2017)
-4 000 000.00 EUR
Annual Profit (2016)
12.00 mln EUR  (-75.00%)

Recent changes in gross profit of CommBank Europe Ltd. and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 15.0 15.0 0.00%
Net Commission Income 1.0 1.0 0.00%
Table 1. Recent changes in gross profit of CommBank Europe Ltd. (mln EUR).

In 2017 profit before taxes of CommBank Europe Ltd. was -4 000 000.00 EUR. Decline compared to the previous period (2016) was -128.57%. The evolution of the profit before taxes of CommBank Europe Ltd. is shown at Chart 2 below.

Profit before Taxes of CommBank Europe Ltd..

Chart 2. Profit before Taxes of CommBank Europe Ltd..

In 2016 annual profit of CommBank Europe Ltd. was 12.00 mln EUR. Decline compared to the previous period (2015) was -75.00%. The evolution of the annual profit of CommBank Europe Ltd. is shown at Chart 3 below.

Annual Profit of CommBank Europe Ltd..

Chart 3. Annual Profit of CommBank Europe Ltd..

Number of Employees

Number of Employees (2015)
10  (+25.00%)

In 2015 there were 10 employees of CommBank Europe Ltd.. Growth compared to the previous period (2014) was 25.00%. The evolution of the number of employees of CommBank Europe Ltd. is shown at Chart 4 below.

Number of Employees of CommBank Europe Ltd..

Chart 4. Number of Employees of CommBank Europe Ltd..

Market Share and Rank (among banks in Malta)

Total Assets (2017)
7th (market share 2.43%)

In 2017 CommBank Europe Ltd. was ranked the 7th largest bank in Malta in terms of total assets, having 2.43% of the domestic market share.

Market share of CommBank Europe Ltd. (among banks in Malta)

Chart 5. Market share of CommBank Europe Ltd. (among banks in Malta)

Several banks having the market shares and ranks closest to CommBank Europe Ltd. are shown below.

RankNameTotal AssetsMarket Share
6Lombard Bank Malta plc859.84 mln EUR3.17%
7CommBank Europe Ltd.660.00 mln EUR2.43%
8NBG Bank Malta Ltd645.00 mln EUR2.38%
 

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 CommBank Europe Ltd. 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 CommBank Europe Ltd. and its components are shown in the table below.

BIC  CTBEMTM1XXX
Bank BIC Code  CTBE
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 CommBank Europe Ltd. is shown in the table below.

MFI ID  MTCICOMM

Domestic Presence

Branches (2015)

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

European Presence: 3 banks in 3 countries

CommBank Europe Ltd. operates under the brand name Comm Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Malta

  • (this bank) CommBank Europe Ltd. (Sliema)

United Kingdom