Sparkasse Bank Malta plc

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Sparkasse Bank Malta plc Logo

Address

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

BIC

SBMTMTM1XXX

Overview

Category

Commercial banks

Business Focus

private banking, securities services

Sparkasse Bank Malta plc was established in Malta in October 2000. Sparkasse Bank Malta provides private banking, investment, custody and depository services. Sparkasse Bank Malta seeks to avoid complexity of its products and services and embraces transparency, ethics and prudence in its business.

Performance

In 2023, Sparkasse Bank Malta plc achieved the position of 8th largest bank in Malta with a market share of 2.85%; its total assets grew by 4.25%.

Additionally, the bank became the 1st profitable bank in relation to its total assets showcasing 1.43% return on assets and 22.97% return on equity in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Maltese deposit guarantee scheme in Sparkasse Bank Malta plc.

Services

private banking
investment services
custody services

Products

current accounts
time deposit accounts
credit cards
business accounts
segregated client accounts

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Ways to Bank

Sparkasse Bank Malta plc delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Sparkasse Bank Malta plc
Net_income of Sparkasse Bank Malta plc
Market Share of Sparkasse Bank Malta plc
Total Assets (2023)
937.54 mln EUR   (+4.25%)
Net Income (2023)
13.14 mln EUR   (+235.57%)
Number of Employees (2017)
59   (+15.69%)

Sparkasse Bank Malta plc ranks as the 8th largest bank in Malta by total assets. In 2023 its total assets were 937.54 mln EUR, representing a 2.85% market share. In 2023 the bank's net income was 13.14 mln EUR. As of 2017, the bank employed 59 people.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Depositor Compensation Scheme (DCS)Depositor Compensation Scheme (DCS)
Covered Accounts
most types of deposits
Eligible Depositors
natural persons (Maltese and foreign)
legal entities (Maltese and foreign)

Sparkasse Bank Malta plc protects deposits up to up to 100,000 EUR per depositor through Malta's deposit guarantee scheme. The scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign). The bank participates in the Depositor Compensation Scheme (DCS), making regular contributions into it.

See Also

Contacts

address101, Townsqaure, Qui Si Sana Seafront,, SLM 3112, Sliema, Malta
phone21335705
fax21335710
Website Languages
GBEnglish

Sparkasse Bank Malta plc is headquartered in Sliema.

Social Networks

Sparkasse Bank Malta plc has profiles at the following social networks:

See Also

Bank Identifiers

BIC (SWIFT)
SBMTMTM1XXX
LEI
21380099RT73NFBYS559
MFI ID
MTCISPSC
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