Izola Bank plc

Established in 1994, Izola Bank provides competitive, straightforward and easy-to-use financial products to both personal andd corporate clients.

Services

Retail Banking

Products

Financials

Total Assets (2017)
206.63 mln EUR  (+4.67%)
Profit before Taxes (2017)
4.00 mln EUR 
Number of Employees (2017)
28  (+21.74%)

Izola Bank plc is the 13th largest bank in Malta in terms of total assets. In 2017 its total assets were 206,63 mln EUR, providing the bank with the market share of 0.76%. In 2017 the bank's profit before taxes was 4,00 mln EUR. Izola Bank plc had 28 employees in 2017.

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

Contacts

53/58, East Street, VLT 1251, Valletta, Malta
+356 2124 1258
+356 2124 1250

Izola Bank plc is headquartered in Valletta.

Bank Identifiers

BIC (SWIFT)
IZOLMTMTXXX
MFI ID
MTCIIZOL

Business Summary

Services
retail banking
Products
savings products
time deposit accounts (1.02 - 1.85 %)

Izola Bank plc provides services in the area of retail banking. The range of products offered by Izola Bank plc includes savings products, time deposit accounts (1.02 - 1.85 %).

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 Izola Bank plc are covered by deposit guarantee scheme of Malta up to 100 000 EUR per depositor. Izola Bank plc offers the following time deposit accounts.

Updated on 20 January 2019

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.02 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.02 %
Deposit Term (months)
12
Investment Amount
1000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.40 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.40 %
Deposit Term (months)
36
Investment Amount
1000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.85 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.85 %
Deposit Term (months)
60
Investment Amount
1000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
206.63 mln EUR  (+4.67%)
Total Equity (2017)
29.47 mln EUR  (+3.52%)

In 2017 total assets of Izola Bank plc were 206.63 mln EUR. Growth compared to the previous period (2016) was 4.67%. The evolution of the total assets of Izola Bank plc is shown at Chart 1 below.

Total Assets of Izola Bank plc.

Chart 1. Total Assets of Izola Bank plc.

Recent changes in total assets of Izola Bank plc and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 10.4 2.0 -81.16%
Investments 66.9 57.2 -14.51%
Loans to banks 31.8 20.1 -36.81%
Loans to customers 61.4 65.5 +6.80%
Total Assets 197.4 206.6 +4.67%
Table 1. Recent changes in total assets of Izola Bank plc (mln EUR).

Recent changes in total liabilities of Izola Bank plc and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 21.3 13.6 -36.15%
Customer deposits 132.3 145.8 +10.15%
Total Liabilities 197.4 206.6 +4.67%
Table 2. Recent changes in total liabilities of Izola Bank plc (mln EUR).

Profit and Loss

Operating Income (2017)
7.10 mln EUR  (+15.77%)
Profit before Taxes (2017)
4.00 mln EUR 
Annual Profit (2016)
2.00 mln EUR 
Net Income (2017)
2.14 mln EUR  (+16.82%)

Recent changes in gross profit of Izola Bank plc and its main components are shown in Table 3.

2016 2017 % change
Interest Income 4.3 4.3 +1.01%
Interest Charges -2.3 -2.5 +9.95%
Net Interest Income 2.0 1.8 -9.96%
Commission Income 2.5 3.2 +29.34%
Commission Charges -0.1 -0.1 +0.45%
Net Commission Income 2.4 3.2 +30.06%
Table 3. Recent changes in gross profit of Izola Bank plc (mln EUR).

In 2017 profit before taxes of Izola Bank plc was 4.00 mln EUR. The value didn't change compared to the previous period (2016). The evolution of the profit before taxes of Izola Bank plc is shown at Chart 2 below.

Profit before Taxes of Izola Bank plc.

Chart 2. Profit before Taxes of Izola Bank plc.

In 2016 annual profit of Izola Bank plc was 2.00 mln EUR. The value didn't change compared to the previous period (2015). The evolution of the annual profit of Izola Bank plc is shown at Chart 3 below.

Annual Profit of Izola Bank plc.

Chart 3. Annual Profit of Izola Bank plc.

In 2017 net income of Izola Bank plc was 2.14 mln EUR. Growth compared to the previous period (2016) was 16.82%. The evolution of the net income of Izola Bank plc is shown at Chart 4 below.

Net Income of Izola Bank plc.

Chart 4. Net Income of Izola Bank plc.

Number of Employees

Number of Employees (2017)
28  (+21.74%)

In 2017 there were 28 employees of Izola Bank plc. Growth compared to the previous period (2016) was 21.74%. The evolution of the number of employees of Izola Bank plc is shown at Chart 5 below.

Number of Employees of Izola Bank plc.

Chart 5. Number of Employees of Izola Bank plc.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
13th (market share 0.76%)

In 2017 Izola Bank plc was ranked the 13th largest bank in Malta in terms of total assets, having 0.76% of the domestic market share.

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

Chart 6. Market share of Izola Bank plc (among banks in Malta)

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

RankNameTotal AssetsMarket Share
12Ferratum Bank plc261.00 mln EUR0.96%
13Izola Bank plc206.63 mln EUR0.76%
14IIG Bank (Malta) Ltd160.00 mln EUR0.59%
 

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

BIC  IZOLMTMTXXX
Bank BIC Code  IZOL
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 Izola Bank plc is shown in the table below.

MFI ID  MTCIIZOL

Domestic Presence

Branches (2017)

In 2017 Izola Bank plc had 1 branches in Malta. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Izola Bank plc is shown at Chart 7 below.

Branches of Izola Bank plc.

Chart 7. Branches of Izola Bank plc.