Nemea Bank plc

Business Focus
direct retail banking

Founded on 2 September 2008, Nemea is an online-only banks: it does not operate any physical branches. Nemea Bank provides a full range of services to individual clients, as well as to business clients. On 20 January 2017, the Malta Financial Services Authority (MFSA) announced its decision to propose to the European Central Bank (ECB) the withdrawal of Nemea Bank’s license. This decision was taken following the identification of a number of serious regulatory shortcomings in the Nemea Bank’s operations on 27 April 2016. MSFA also put a hold on withdrawals of deposits from Nemea Bank. On 24 March 2017, the ECB decided to withdraw Nemea Bank’s license.

Products and Services

personal banking
business banking
natural persons
legal entities
Area Served
current accounts
savings accounts
term deposit accounts
payment cards
consumer lending

Account Opening

completely online
within a few minutes


Total Assets (2014)
24.00 mln EUR  (+166.67%)
Profit before Taxes (2014)
300,000.00 EUR  (+200.00%)
Number of Employees (2014)
23  (+109.09%)

Nemea Bank plc was the 20th largest bank in Malta in terms of total assets. In 2014 its total assets were 24,00 mln EUR, providing the bank with the market share of 0.10%. In 2014 the bank's profit before taxes was 300 000,00 EUR. Nemea Bank plc had 23 employees in 2014.

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

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


Level 17, Portomaso Business Tower, Portomaso Avenue, STJ 4011, St Julian's, Malta

Nemea Bank plc was headquartered in St Julian's.

Bank Identifiers


Bank History

Close Date
March 2017

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