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.
Ferratum Bank plc is the 12th largest bank in Malta in terms of total assets. In 2018 its total assets were 282,00 mln EUR, providing the bank with the market share of 0.99%. In 2018 the bank's profit before taxes was 13,87 mln EUR. Ferratum Bank plc had 172 employees in 2015.
Ferratum Bank plc participates in the deposit guarantee scheme of Malta. This deposit guarantee scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign) and covers up to up to 100,000 EUR per bank per depositor. Ferratum Bank plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.
Ferratum Bank plc is headquartered in Sliema.