IIG Bank (Malta) Ltd

IIG Bank (Malta) Ltd was established in 2010. IIG Bank (Malta) Ltd specializes in private banking, wealth management, corporate banking and trade finance.

Services

Private Banking
Wealth Management
Corporate Banking
Trade Finance

Financials

Total Assets (2017)
160.00 mln EUR  (+9.59%)
Profit before Taxes (2017)
2.00 mln EUR  (-50.00%)
Number of Employees (2017)
26  (+85.71%)

IIG Bank (Malta) Ltd is the 14th largest bank in Malta in terms of total assets. In 2017 its total assets were 160,00 mln EUR, providing the bank with the market share of 0.59%. In 2017 the bank's profit before taxes was 2,00 mln EUR. IIG Bank (Malta) Ltd had 26 employees in 2017.

IIG Bank (Malta) Ltd participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Level 20, Portomaso Business Tower, Portomaso Avenue, STJ 4011, St Julians, Malta
22484500
22484525

IIG Bank (Malta) Ltd is headquartered in St Julians.

Bank Identifiers

BIC (SWIFT)
IIGBMTMTXXX
MFI ID
MTCIIIGB

Business Summary

Services
private banking
wealth management
corporate banking
trade finance

IIG Bank (Malta) Ltd provides products and services in the areas of private banking, wealth management, corporate banking, trade finance.

Financial Positions

Total Assets (2017)
160.00 mln EUR  (+9.59%)

In 2017 total assets of IIG Bank (Malta) Ltd were 160.00 mln EUR. Growth compared to the previous period (2016) was 9.59%. The evolution of the total assets of IIG Bank (Malta) Ltd is shown at Chart 1 below.

Total Assets of IIG Bank (Malta) Ltd.

Chart 1. Total Assets of IIG Bank (Malta) Ltd.

Profit and Loss

Profit before Taxes (2017)
2.00 mln EUR  (-50.00%)
Annual Profit (2016)
3.00 mln EUR  (-25.00%)

Recent changes in gross profit of IIG Bank (Malta) Ltd and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 5.0 4.0 -20.00%
Net Commission Income 1.0 1.0 0.00%
Table 1. Recent changes in gross profit of IIG Bank (Malta) Ltd (mln EUR).

In 2017 profit before taxes of IIG Bank (Malta) Ltd was 2.00 mln EUR. Decline compared to the previous period (2016) was -50.00%. The evolution of the profit before taxes of IIG Bank (Malta) Ltd is shown at Chart 2 below.

Profit before Taxes of IIG Bank (Malta) Ltd.

Chart 2. Profit before Taxes of IIG Bank (Malta) Ltd.

In 2016 annual profit of IIG Bank (Malta) Ltd was 3.00 mln EUR. Decline compared to the previous period (2015) was -25.00%. The evolution of the annual profit of IIG Bank (Malta) Ltd is shown at Chart 3 below.

Annual Profit of IIG Bank (Malta) Ltd.

Chart 3. Annual Profit of IIG Bank (Malta) Ltd.

Number of Employees

Number of Employees (2017)
26  (+85.71%)

In 2017 there were 26 employees of IIG Bank (Malta) Ltd. Growth compared to the previous period (2015) was 85.71%. The evolution of the number of employees of IIG Bank (Malta) Ltd is shown at Chart 4 below.

Number of Employees of IIG Bank (Malta) Ltd.

Chart 4. Number of Employees of IIG Bank (Malta) Ltd.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
14th (market share 0.59%)

In 2017 IIG Bank (Malta) Ltd was ranked the 14th largest bank in Malta in terms of total assets, having 0.59% of the domestic market share.

Market share of IIG Bank (Malta) Ltd (among banks in Malta)

Chart 5. Market share of IIG Bank (Malta) Ltd (among banks in Malta)

Several banks having the market shares and ranks closest to IIG Bank (Malta) Ltd are shown below.

RankNameTotal AssetsMarket Share
13Izola Bank plc206.63 mln EUR0.76%
14IIG Bank (Malta) Ltd160.00 mln EUR0.59%
15Yapi Kredi Bank Malta Ltd (new)158.00 mln EUR0.58%
 

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 IIG Bank (Malta) 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 IIG Bank (Malta) Ltd and its components are shown in the table below.

BIC  IIGBMTMTXXX
Bank BIC Code  IIGB
Country Code  MT (Malta)
Location Code  MT
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 IIG Bank (Malta) Ltd is shown in the table below.

MFI ID  MTCIIIGB

Domestic Presence

Branches (2017)

In 2017 IIG Bank (Malta) Ltd had 2 branches in Malta. The value didn't change compared to the previous period (2016). The evolution of the number of branches of IIG Bank (Malta) Ltd is shown at Chart 6 below.

Branches of IIG Bank (Malta) Ltd.

Chart 6. Branches of IIG Bank (Malta) Ltd.