MeDirect Bank (Malta) plc

Financial Positions

Total Assets (2018)
2,320.41 mln EUR  (+5.46%)
Total Equity (2018)
314.05 mln EUR  (+48.18%)

In 2018 total assets of MeDirect Bank (Malta) plc were 2,320.41 mln EUR. Growth compared to the previous period (2017) was 5.46%. The evolution of the total assets of MeDirect Bank (Malta) plc is shown at Chart 1 below.

Total Assets of MeDirect Bank (Malta) plc.

Chart 1. Total Assets of MeDirect Bank (Malta) plc.

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

2017 2018 % change
Cash and deposits with Central Banks 49.7 65.6 +32.08%
Investments 884.7 708.3 -19.94%
Loans to banks 95.0 106.7 +12.40%
Loans to customers 1,107.6 1,375.7 +24.20%
Total Assets 2,200.3 2,320.4 +5.46%

Table 1. Recent changes in total assets of MeDirect Bank (Malta) plc (mln EUR).

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

2017 2018 % change
Bank deposits 1,003.3 1,019.1 +1.57%
Customer deposits 857.8 841.9 -1.85%
Total Liabilities 2,200.3 2,320.4 +5.46%

Table 2. Recent changes in total liabilities of MeDirect Bank (Malta) plc (mln EUR).

Profit and Loss

Operating Income (2018)
52.92 mln EUR  (+31.89%)
Profit before Taxes (2018)
21.47 mln EUR  (+26.29%)
Annual Profit (2016)
15.00 mln EUR  (+36.36%)
Net Income (2018)
22.37 mln EUR  (+514.50%)

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

2017 2018 % change
Interest Income 51.8 78.8 +51.96%
Interest Charges -19.9 -31.5 +58.11%
Net Interest Income 31.9 47.3 +48.12%
Commission Income 2.8 3.9 +39.94%
Commission Charges -1.0 -1.1 +2.97%
Net Commission Income 1.7 2.8 +62.13%

Table 3. Recent changes in gross profit of MeDirect Bank (Malta) plc (mln EUR).

In 2018 profit before taxes of MeDirect Bank (Malta) plc was 21.47 mln EUR. Growth compared to the previous period (2017) was 26.29%. The evolution of the profit before taxes of MeDirect Bank (Malta) plc is shown at Chart 2 below.

Profit before Taxes of MeDirect Bank (Malta) plc.

Chart 2. Profit before Taxes of MeDirect Bank (Malta) plc.

In 2016 annual profit of MeDirect Bank (Malta) plc was 15.00 mln EUR. Growth compared to the previous period (2015) was 36.36%. The evolution of the annual profit of MeDirect Bank (Malta) plc is shown at Chart 3 below.

Annual Profit of MeDirect Bank (Malta) plc.

Chart 3. Annual Profit of MeDirect Bank (Malta) plc.

In 2018 net income of MeDirect Bank (Malta) plc was 22.37 mln EUR. Growth compared to the previous period (2017) was 514.50%. The evolution of the net income of MeDirect Bank (Malta) plc is shown at Chart 4 below.

Net Income of MeDirect Bank (Malta) plc.

Chart 4. Net Income of MeDirect Bank (Malta) plc.

Number of Employees

Number of Employees (2017)
310  (+17.87%)

In 2017 there were 310 employees of MeDirect Bank (Malta) plc. Growth compared to the previous period (2015) was 17.87%. The evolution of the number of employees of MeDirect Bank (Malta) plc is shown at Chart 5 below.

Number of Employees of MeDirect Bank (Malta) plc.

Chart 5. Number of Employees of MeDirect Bank (Malta) plc.

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