Novum Bank Limited was established in Malta in 2009 and is a subsidiary of Novum Holdings Limited. Since 2014, Novum Bank expanded its operations to attract new customers from Germany, Poland, Spain, the Netherlands, France and Austria. Novum Bank provides Cards and Stored Value solutions. The range of solutions includes reloadable prepaid Mastercard cards and Mastercard Gift Cards, and short-term micro-loans.
Novum Bank Limited is the 17th largest bank in Malta in terms of total assets. In 2017 its total assets were 89,00 mln EUR, providing the bank with the market share of 0.33%. In 2017 the bank's profit before taxes was 2,00 mln EUR. Novum Bank Limited had 70 employees in 2015.
Novum Bank Limited participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Novum Bank Limited is headquartered in Ta' Xbiex.
The range of products offered by Novum Bank Limited includes micro-loans, credit cards, prepaid cards.
Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Novum Bank Limited.
Updated on 20 January 2019
Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.
|Total Assets (2017)|
|89.00 mln EUR (+50.85%)|
In 2017 total assets of Novum Bank Limited were 89.00 mln EUR. Growth compared to the previous period (2016) was 50.85%. The evolution of the total assets of Novum Bank Limited is shown at Chart 1 below.
Chart 1. Total Assets of Novum Bank Limited.
|Profit before Taxes (2017)|
|2.00 mln EUR|
|Annual Profit (2016)|
|-1 000 000.00 EUR|
Recent changes in gross profit of Novum Bank Limited and its main components are shown in Table 1.
|Net Interest Income||0.0||2.0|
|Net Commission Income||14.0||19.0||+35.71%|
|Table 1. Recent changes in gross profit of Novum Bank Limited (mln EUR).|
In 2017 profit before taxes of Novum Bank Limited was 2.00 mln EUR. Decline compared to the previous period (2016) was -300.00%. The evolution of the profit before taxes of Novum Bank Limited is shown at Chart 2 below.
Chart 2. Profit before Taxes of Novum Bank Limited.
In 2016 annual profit of Novum Bank Limited was -1 000 000.00 EUR. Decline compared to the previous period (2015) was -111.11%. The evolution of the annual profit of Novum Bank Limited is shown at Chart 3 below.
Chart 3. Annual Profit of Novum Bank Limited.
|Number of Employees (2015)|
In 2015 there were 70 employees of Novum Bank Limited. Growth compared to the previous period (2014) was 27.27%. The evolution of the number of employees of Novum Bank Limited is shown at Chart 4 below.
Chart 4. Number of Employees of Novum Bank Limited.
|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 Novum Bank Limited 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|
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 Novum Bank Limited and its components are shown in the table below.
|Bank BIC Code||VOCB|
|Country Code||MT (Malta)|
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 Novum Bank Limited is shown in the table below.
In 2015 Novum Bank Limited had 1 branches in Malta. The value didn't change compared to the previous period (2014).