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

Ferratum Bank was incorporated in Malta in September 2012 in order to provide additional funding sources and business opportunities to its parent company, Ferratum Group (Finland). Ferratum Group provides internet and mobile micro-loans, amongst various other services, across a number of countries. It offers fast and readily available banking services, loans and savings both online and on mobile devices.

Financials

Total Assets (2017)
261.00 mln EUR  (+54.44%)
Profit before Taxes (2017)
11.00 mln EUR  (+266.67%)
Number of Employees (2015)
172  (+70.30%)

Ferratum Bank plc is the 12th largest bank in Malta in terms of total assets. In 2017 its total assets were 261,00 mln EUR, providing the bank with the market share of 0.96%. In 2017 the bank's profit before taxes was 11,00 mln EUR. Ferratum Bank plc had 172 employees in 2015.

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

Contacts

Tagliaferro Business Centre, Level 6, 14 High Street,, SLM 1551, Sliema, Malta

Ferratum Bank plc is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
FEMAMTM1
MFI ID
MTCIFERB

Business Summary

Products
online micro-loans
online savings

The range of products offered by Ferratum Bank plc includes online micro-loans, online savings.

Financial Positions

Total Assets (2017)
261.00 mln EUR  (+54.44%)

In 2017 total assets of Ferratum Bank plc were 261.00 mln EUR. Growth compared to the previous period (2016) was 54.44%. The evolution of the total assets of Ferratum Bank plc is shown at Chart 1 below.

Total Assets of Ferratum Bank plc.

Chart 1. Total Assets of Ferratum Bank plc.

Profit and Loss

Profit before Taxes (2017)
11.00 mln EUR  (+266.67%)
Annual Profit (2016)
3.00 mln EUR  (-40.00%)

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

2016 2017 % change
Net Interest Income 60.0 87.0 +45.00%
Net Commission Income -5.0 -5.0 0.00%
Table 1. Recent changes in gross profit of Ferratum Bank plc (mln EUR).

In 2017 profit before taxes of Ferratum Bank plc was 11.00 mln EUR. Growth compared to the previous period (2016) was 266.67%. The evolution of the profit before taxes of Ferratum Bank plc is shown at Chart 2 below.

Profit before Taxes of Ferratum Bank plc.

Chart 2. Profit before Taxes of Ferratum Bank plc.

In 2016 annual profit of Ferratum Bank plc was 3.00 mln EUR. Decline compared to the previous period (2015) was -40.00%. The evolution of the annual profit of Ferratum Bank plc is shown at Chart 3 below.

Annual Profit of Ferratum Bank plc.

Chart 3. Annual Profit of Ferratum Bank plc.

Number of Employees

Number of Employees (2015)
172  (+70.30%)

In 2015 there were 172 employees of Ferratum Bank plc. Growth compared to the previous period (2014) was 70.30%. The evolution of the number of employees of Ferratum Bank plc is shown at Chart 4 below.

Number of Employees of Ferratum Bank plc.

Chart 4. Number of Employees of Ferratum Bank plc.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
12th (market share 0.96%)

In 2017 Ferratum Bank plc was ranked the 12th largest bank in Malta in terms of total assets, having 0.96% of the domestic market share.

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

Chart 5. Market share of Ferratum Bank plc (among banks in Malta)

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

RankNameTotal AssetsMarket Share
11ECCM Bank plc (new)445.00 mln EUR1.64%
12Ferratum Bank plc261.00 mln EUR0.96%
13Izola Bank plc206.63 mln EUR0.76%
 

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 Ferratum 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 Ferratum Bank plc and its components are shown in the table below.

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

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 Ferratum Bank plc is shown in the table below.

MFI ID  MTCIFERB

Domestic Presence

Branches (2015)

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