Lombard Bank Malta plc

Lombard Bank Malta plc was initially established in Malta in 1955 and was nationalised in 1975. In 1991 the Government of Malta sold its equity in Lombard Bank, which was then listed on the Malta Stock Exchange in 1994. Lombard Bank Malta provides a range of retail, private and corporate banking products and services.

Services

Retail Banking
Private Banking
Wealth Management
Corporate Banking

Financials

Total Assets (2017)
859.84 mln EUR  (+1.91%)
Net Income (2017)
4.85 mln EUR  (+6.90%)
Number of Employees (2015)
156  (-0.64%)

In 2017 total assets of Lombard Bank Malta plc were 859,84 mln EUR. In 2017 the bank's net income was 4,85 mln EUR. Lombard Bank Malta plc had 156 employees in 2015.

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

Contacts

Lombard House, 67, Republic Street, VLT 1117, Valletta, Malta
25581117
25581151

Lombard Bank Malta plc is headquartered in Valletta.

Bank Identifiers

BIC (SWIFT)
LBMAMTMTXXX
MFI ID
MTCILBMA

Business Summary

Services
retail banking
private banking
wealth management
corporate banking

Lombard Bank Malta plc provides products and services in the areas of retail banking, private banking, wealth management, corporate banking.

Financial Positions

Total Assets (2017)
859.84 mln EUR  (+1.91%)
Total Equity (2017)
94.09 mln EUR  (+2.95%)

In 2017 total assets of Lombard Bank Malta plc were 859.84 mln EUR. Growth compared to the previous period (2016) was 1.91%. The evolution of the total assets of Lombard Bank Malta plc is shown at Chart 1 below.

Total Assets of Lombard Bank Malta plc.

Chart 1. Total Assets of Lombard Bank Malta plc.

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

2016 2017 % change
Cash and deposits with Central Banks 217.4 214.5 -1.33%
Investments 76.4 72.3 -5.34%
Loans to banks 156.0 90.3 -42.13%
Loans to customers 344.5 428.6 +24.43%
Total Assets 843.7 859.8 +1.91%
Table 1. Recent changes in total assets of Lombard Bank Malta plc (mln EUR).

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

2016 2017 % change
Bank deposits 9.0 5.4 -40.66%
Customer deposits 725.4 736.7 +1.56%
Total Liabilities 843.7 859.8 +1.91%
Table 2. Recent changes in total liabilities of Lombard Bank Malta plc (mln EUR).

Profit and Loss

Operating Income (2017)
21.27 mln EUR  (+1.63%)
Annual Profit (2016)
4.00 mln EUR 
Net Income (2017)
4.85 mln EUR  (+6.90%)

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

2016 2017 % change
Interest Income 20.7 21.3 +2.61%
Interest Charges -6.7 -6.0 -10.64%
Net Interest Income 14.0 15.3 +8.94%
Commission Income 2.9 3.4 +14.14%
Commission Charges -0.2 -0.3 +28.88%
Net Commission Income 2.7 3.1 +12.88%
Table 3. Recent changes in gross profit of Lombard Bank Malta plc (mln EUR).

In 2016 annual profit of Lombard Bank Malta plc was 4.00 mln EUR. The value didn't change compared to the previous period (2015). The evolution of the annual profit of Lombard Bank Malta plc is shown at Chart 2 below.

Annual Profit of Lombard Bank Malta plc.

Chart 2. Annual Profit of Lombard Bank Malta plc.

In 2017 net income of Lombard Bank Malta plc was 4.85 mln EUR. Growth compared to the previous period (2016) was 6.90%. The evolution of the net income of Lombard Bank Malta plc is shown at Chart 3 below.

Net Income of Lombard Bank Malta plc.

Chart 3. Net Income of Lombard Bank Malta plc.

Number of Employees

Number of Employees (2015)
156  (-0.64%)

In 2015 there were 156 employees of Lombard Bank Malta plc. Decline compared to the previous period (2014) was -0.64%. The evolution of the number of employees of Lombard Bank Malta plc is shown at Chart 4 below.

Number of Employees of Lombard Bank Malta plc.

Chart 4. Number of Employees of Lombard Bank Malta plc.

Market Share and Rank (among banks in Malta)

Total Assets (2016)
6th (market share 3.24%)

In 2016 Lombard Bank Malta plc was ranked the 6th largest bank in Malta in terms of total assets, having 3.24% of the domestic market share.

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

Chart 5. Market share of Lombard Bank Malta plc (among banks in Malta)

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

RankNameTotal AssetsMarket Share
5 APS Bank Limited1285.00 mln EUR4.94%
6 Lombard Bank Malta plc843.69 mln EUR3.24%
7 CommBank Europe Ltd.618.00 mln EUR2.38%
 

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 are obliged to participate in Maltese deposit guarantee scheme.

In the case of Lombard Bank Malta 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 Lombard Bank Malta plc and its components are shown in the table below.

BIC  LBMAMTMTXXX
Bank BIC Code  LBMA
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 Lombard Bank Malta plc is shown in the table below.

MFI ID  MTCILBMA

Domestic Presence

Branches (2015)

In 2015 Lombard Bank Malta plc had 8 branches in Malta. The value didn't change compared to the previous period (2014).