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.
PILATUS BANK PLC is the 13th largest bank in Malta in terms of total assets. In 2016 its total assets were 309,00 mln EUR, providing the bank with the market share of 1.19%.
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.
|Total Assets (2016)|
|309.00 mln EUR (-5.21%)|
In 2016 total assets of PILATUS BANK PLC were 309.00 mln EUR. Decline compared to the previous period (2015) was -5.21%. The evolution of the total assets of PILATUS BANK PLC is shown at Chart 1 below.
Chart 1. Total Assets of PILATUS BANK PLC.
|Annual Profit (2016)|
|3.00 mln EUR|
Recent changes in gross profit of PILATUS BANK PLC and its main components are shown in Table 1.
|Net Interest Income||2.0||4.0||+100.00%|
|Net Commission Income||0.0||0.0|
|Table 1. Recent changes in gross profit of PILATUS BANK PLC (mln EUR).|
In 2016 annual profit of PILATUS BANK PLC was 3.00 mln EUR. The value didn't change compared to the previous period (2015). The evolution of the annual profit of PILATUS BANK PLC is shown at Chart 2 below.
Chart 2. Annual Profit of PILATUS BANK PLC.
|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|
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.
|Bank BIC Code||PLTS|
|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 PILATUS BANK PLC is shown in the table below.