PILATUS BANK PLC

Established in 2014, Pilatus Bank provides private and corporate banking services to high net-worth individuals and financial institutions mainly in Europe, Asia, and the Americas.

Services
Corporate Banking

PILATUS BANK PLC is the 11th largest bank in Malta in terms of total assets. In 2015 its total assets were 326,00 mln EUR, providing the bank with the market share of 1.30%.

Rank in Malta
11th largest bank

Total Assets (2015)
326.00 mln EUR  (+193.69%)
Number of Employees (2015)
10  (+66.67%)

PILATUS BANK PLC participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

PILATUS BANK PLC is headquartered in Ta' Xbiex.

Address
Whitehall Mansions, Level 2, Ta' Xbiex Wharf, XBX1026, Ta' Xbiex, Malta
Phone
+356 27799999
Fax
+356 27799990
Website
http://www.pilatusbank.com/
E-Mail
info@pilatusbank.com
BIC (SWIFT)
PLTSMTMTXXX
MFI ID
MTCIPLTS
Start Date
January 2014

Business Summary

Services
corporate banking

Financial Positions

Total Assets (2015)
326.00 mln EUR  (+193.69%)

In 2015 total assets of PILATUS BANK PLC were 326.00 mln EUR. Growth compared to the previous period (2014) was 193.69%.

Profit and Loss

Annual Profit (2015)
3.00 mln EUR  (+900.00%)

Recent changes in gross profit of PILATUS BANK PLC and its main components are shown in Table 1.

2014 2015 % change
Net Interest Income 0.3 2.0 +566.67%
Net Commission Income 0.1 0.0
Table 1. Recent changes in gross profit of PILATUS BANK PLC (mln EUR).

In 2015 annual profit of PILATUS BANK PLC was 3.00 mln EUR. Growth compared to the previous period (2014) was 900.00%.

Market Position and Market Share (among banks in Malta)

Total Assets (2015)
11th (market share 1.30%)

In 2015 PILATUS BANK PLC was the 11th largest bank in Malta in terms of total assets, having 1.30% of market share.

Market share of PILATUS BANK PLC

Chart 1. Market share of PILATUS BANK PLC

Several banks with market shares closest to PILATUS BANK PLC are shown below.

RankNameTotal AssetsMarket Share
10 BNF Bank plc517.00 mln EUR2.05%
11 PILATUS BANK PLC (new)326.00 mln EUR1.30%
12 IIG Bank (Malta) Ltd177.00 mln EUR0.70%
 

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 are obliged to participate in Maltese deposit guarantee scheme.

In the case of PILATUS BANK 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

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

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 PILATUS BANK PLC and its components are shown in the table below.

BIC  PLTSMTMTXXX
Bank BIC Code  PLTS
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 PILATUS BANK PLC is shown in the table below.

MFI ID  MTCIPLTS

Domestic Presence

Branches (2015)