Sparkasse Bank Malta plc

Sparkasse Bank Malta plc was established in Malta in October 2000. Sparkasse Bank Malta provides private banking, investment, custody and depository services.

Services

Private Banking
Investment Services
Custody Services

Financials

Total Assets (2017)
520.00 mln EUR  (+7.22%)
Profit before Taxes (2017)
5.00 mln EUR  (+25.00%)
Number of Employees (2017)
59  (+15.69%)

Sparkasse Bank Malta plc is the 10th largest bank in Malta in terms of total assets. In 2017 its total assets were 520,00 mln EUR, providing the bank with the market share of 1.92%. In 2017 the bank's profit before taxes was 5,00 mln EUR. Sparkasse Bank Malta plc had 59 employees in 2017.

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

Contacts

101, Townsqaure, Qui Si Sana Seafront,, SLM 3112, Sliema, Malta
21335705
21335710

Sparkasse Bank Malta plc is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
SBMTMTM1XXX
MFI ID
MTCISPSC

Business Summary

Services
private banking
investment services
custody services

Sparkasse Bank Malta plc provides products and services in the areas of private banking, investment services, custody services.

Financial Positions

Total Assets (2017)
520.00 mln EUR  (+7.22%)

In 2017 total assets of Sparkasse Bank Malta plc were 520.00 mln EUR. Growth compared to the previous period (2016) was 7.22%. The evolution of the total assets of Sparkasse Bank Malta plc is shown at Chart 1 below.

Total Assets of Sparkasse Bank Malta plc.

Chart 1. Total Assets of Sparkasse Bank Malta plc.

Profit and Loss

Profit before Taxes (2017)
5.00 mln EUR  (+25.00%)
Annual Profit (2016)
3.00 mln EUR  (-25.00%)

Recent changes in gross profit of Sparkasse Bank Malta plc and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 1.0 2.0 +100.00%
Net Commission Income 5.0 5.0 0.00%
Table 1. Recent changes in gross profit of Sparkasse Bank Malta plc (mln EUR).

In 2017 profit before taxes of Sparkasse Bank Malta plc was 5.00 mln EUR. Growth compared to the previous period (2016) was 25.00%. The evolution of the profit before taxes of Sparkasse Bank Malta plc is shown at Chart 2 below.

Profit before Taxes of Sparkasse Bank Malta plc.

Chart 2. Profit before Taxes of Sparkasse Bank Malta plc.

In 2016 annual profit of Sparkasse Bank Malta plc was 3.00 mln EUR. Decline compared to the previous period (2015) was -25.00%. The evolution of the annual profit of Sparkasse Bank Malta plc is shown at Chart 3 below.

Annual Profit of Sparkasse Bank Malta plc.

Chart 3. Annual Profit of Sparkasse Bank Malta plc.

Number of Employees

Number of Employees (2017)
59  (+15.69%)

In 2017 there were 59 employees of Sparkasse Bank Malta plc. Growth compared to the previous period (2016) was 15.69%. The evolution of the number of employees of Sparkasse Bank Malta plc is shown at Chart 4 below.

Number of Employees of Sparkasse Bank Malta plc.

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

Market Share and Rank (among banks in Malta)

Total Assets (2017)
10th (market share 1.92%)

In 2017 Sparkasse Bank Malta plc was ranked the 10th largest bank in Malta in terms of total assets, having 1.92% of the domestic market share.

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

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

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

RankNameTotal AssetsMarket Share
9BNF Bank plc568.00 mln EUR2.09%
10Sparkasse Bank Malta plc520.00 mln EUR1.92%
11ECCM Bank plc (new)445.00 mln EUR1.64%
 

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, except for branches of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.

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

BIC  SBMTMTM1XXX
Bank BIC Code  SBMT
Country Code  MT (Malta)
Location Code  M1
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 Sparkasse Bank Malta plc is shown in the table below.

MFI ID  MTCISPSC

Domestic Presence

Branches (2017)

In 2017 Sparkasse Bank Malta plc had 1 branches in Malta. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Sparkasse Bank Malta plc is shown at Chart 6 below.

Branches of Sparkasse Bank Malta plc.

Chart 6. Branches of Sparkasse Bank Malta plc.

Defunct Banks: 1 bank in 1 country

The following banks operating under Sparkasse Bank Malta brand name has been recently closed down:

Ireland