Izola Bank plc

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Izola Bank plc Logo

Address

53-58 TRIQ IL-LVANT, VLT 1251, VALLETTA, Malta

BIC

IZOLMTMTXXX

Overview

Category

Commercial banks

Business Focus

retail and business banking

Established in 1994 Izola Bank is wholly owned by Van Marcke Group, a family-owned Belgian company specialized in plumbing and heating. Izola Bank provides tailor-made financing solutions for SMEs and large companies in Malta and Belgium, including commercial credit facilities, long-term loans and overdrafts, tailor-made structured loans. Izola Bank also offers retail deposits in a number of European countries, providing it with a more diverse and liquid source of funding.

Performance

In 2022, Izola Bank plc achieved the position of 10th largest bank in Malta with a market share of 1.32%; its total assets grew by 4.74%.

Additionally, the bank became the 10th profitable bank in relation to its total assets showcasing -0.07% return on assets and -1.00% return on equity in 2022.

Deposit Protection

Deposits up to 100,000 EUR are covered by Maltese deposit guarantee scheme in Izola Bank plc.

Services

retail banking
business banking

Clients

natural persons
business entities

Area Served

MTMalta
internationallyinternationally
DEGermany

Products

corporate savings
corporate lending
corporate factoring

Account Currencies

EUEUR (Euro)

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Account Opening

Becoming a client of Izola Bank plc can be done in a few steps:

Izola Bank plc Account Opening
1.
Completely online

See Also

Ways to Bank

Izola Bank plc delivers its products and services through both direct and indirect channels, namely:
Izola Bank plc Ways to Bank
branch branch
online banking online banking

Financials

Total Assets of Izola Bank plc
Net_income of Izola Bank plc
Market Share of Izola Bank plc
Total Assets (2023)
507.95 mln EUR   (+20.51%)
Net Income (2023)
-1,242,368.00 EUR   (+337.12%)
Number of Employees (2017)
28   (+21.74%)

In 2023 total assets of Izola Bank plc were 507.95 mln EUR. In 2023 the bank's net income was -1.24 mln EUR. As of 2017, the bank employed 28 people.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Depositor Compensation Scheme (DCS)Depositor Compensation Scheme (DCS)
Covered Accounts
most types of deposits
Eligible Depositors
natural persons (Maltese and foreign)
legal entities (Maltese and foreign)

Izola Bank plc protects deposits up to up to 100,000 EUR per depositor through Malta's deposit guarantee scheme. The scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign). The bank participates in the Depositor Compensation Scheme (DCS), making regular contributions into it.

See Also

Contacts

address53-58 TRIQ IL-LVANT, VLT 1251, VALLETTA, Malta
phone+356 2124 1258
fax+356 2124 1250

Izola Bank plc is headquartered in VALLETTA.

Social Networks

Izola Bank plc has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
IZOLMTMTXXX
LEI
2138003IGGAUDLPNC244
MFI ID
MTCIIZOL
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