MeDirect Bank (Malta) plc

Business Focus
wealth management, investment services

Established in 2004, MeDirect Bank (formerly Mediterranean Bank) is a specialist bank, focusing on provision of savings products, and wealth management and investment services. In July 2009, Mediterranean Bank was acquired by a new shareholder - a fund managed by AnaCap Financial Partners LLP, a UK private equity firm, and was recapitalised.

Products and Services

Services
retail banking
corporate banking
Products
savings accounts
term deposit accounts
guarantees

Financials

Total Assets (2017)
2,200.27 mln EUR  (+21.43%)
Profit before Taxes (2017)
17.00 mln EUR  (-10.53%)
Number of Employees (2017)
310  (+17.87%)

MeDirect Bank (Malta) plc is the 3rd largest bank in Malta in terms of total assets. In 2017 its total assets were 2 200,27 mln EUR, providing the bank with the market share of 8.11%. In 2017 the bank's profit before taxes was 17,00 mln EUR. MeDirect Bank (Malta) plc had 310 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

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

Contacts

THE CENTRE POINT TIGNE POINT, TPO0001, Sliema, Malta
25574000
25574900

MeDirect Bank (Malta) plc is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
MBWMMTMTXXX
LEI
529900SYUCFQHI3JZQ05
MFI ID
MTCIMEDI

Bank History

Previous Name
Mediterranean Bank plc

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