Novum Bank Limited (formerly VoiceCash Bank Ltd)

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.

Products

Financials

Total Assets (2017)
89.00 mln EUR  (+50.85%)
Profit before Taxes (2017)
2.00 mln EUR
Number of Employees (2015)
70  (+27.27%)

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.

Contacts

Level 4, Global Capital Building, Testaferrata Street,, XBX 1403, Ta' Xbiex, Malta
23395000
23395100

Novum Bank Limited is headquartered in Ta' Xbiex.

Bank Identifiers

BIC (SWIFT)
VOCBMTMTXXX
MFI ID
MTCIVCSH

Business Summary

Products
micro-loans
credit cards
prepaid cards

The range of products offered by Novum Bank Limited includes micro-loans, credit cards, prepaid cards.

Products

Credit 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

Money2Go Prepaid Mastercard
Sales Region
Netherlands
Card Currency
EUR
Card Provider
MasterCard
Card Type
Standard
Annual Costs (EUR)
9.95
Credit Card Details
Product Name
Money2Go Prepaid Mastercard
Card Provider
MasterCard
Card Type
Standard
Annual Costs
9.95 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services

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.

See Also

Financial Positions

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.

Total Assets of Novum Bank Limited.

Chart 1. Total Assets of Novum Bank Limited.

Profit and Loss

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.

2016 2017 % change
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.

Profit before Taxes of Novum Bank Limited.

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.

Annual Profit of Novum Bank Limited.

Chart 3. Annual Profit of Novum Bank Limited.

Number of Employees

Number of Employees (2015)
70  (+27.27%)

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.

Number of Employees of Novum Bank Limited.

Chart 4. Number of Employees of Novum Bank Limited.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
17th (market share 0.33%)

In 2017 Novum Bank Limited was ranked the 17th largest bank in Malta in terms of total assets, having 0.33% of the domestic market share.

Market share of Novum Bank Limited (among banks in Malta)

Chart 5. Market share of Novum Bank Limited (among banks in Malta)

Several banks having the market shares and ranks closest to Novum Bank Limited are shown below.

RankNameTotal AssetsMarket Share
16Credorax Bank Limited (new)136.00 mln EUR0.50%
17Novum Bank Limited89.00 mln EUR0.33%
18FCM Bank Ltd70.00 mln EUR0.26%
 

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 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

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 Novum Bank Limited and its components are shown in the table below.

BIC  VOCBMTMTXXX
Bank BIC Code  VOCB
Country Code  MT (Malta)
Location Code  MT
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 Novum Bank Limited is shown in the table below.

MFI ID  MTCIVCSH

Domestic Presence

Branches (2015)

In 2015 Novum Bank Limited had 1 branches in Malta. The value didn't change compared to the previous period (2014).