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.
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.
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.
MeDirect Bank (Malta) plc is headquartered in Sliema.