Izola Bank plc

Business Focus
retail banking

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

Services

retail banking
business banking

Clients

natural persons
business entities

Area Served

MTMalta
internationally
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

Account Opening

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

1.
Completely online

Due to regulatory requirements Izola Bank plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Izola Bank plc will ask him/her to provide the following documents: passport or ID card; proof of address. For corporate clients Izola Bank plc will ask to provide corporate documentation as well as information about controlling persons. Izola Bank plc may request additional documentation or information depending on the case.

Ways to Bank

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

Financials

Total Assets of Izola Bank plc
Profit_before_taxes of Izola Bank plc
Market Share of Izola Bank plc
Total Assets (2018)
237.15 mln EUR  (+14.77%)
Profit before Taxes (2018)
2.44 mln EUR  (-31.46%)
Number of Employees (2017)
28  (+21.74%)

Izola Bank plc is the 13th largest bank in Malta in terms of total assets. In 2018 its total assets were 237,15 mln EUR, providing the bank with the market share of 0.83%. In 2018 the bank's profit before taxes was 2,44 mln EUR. Izola Bank plc had 28 employees in 2017.

Deposit Guarantee

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

Izola 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. Izola Bank plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.

Contacts

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

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24 January 2020