PILATUS BANK PLC

Business Focus

private and corporate banking

Established in 2014, Pilatus Bank provided private and corporate banking services to high net-worth individuals and financial institutions mainly in Europe, Asia, and the Americas. In 2016 a serier of leaked financial intelligence reports flagged evidence of money-laundering and serious compliance shortcomings in Pilatus Bank. In March 2018 the Malta Financial Services Authoriry started winding down the operations of Pilatus Bank. In November 2018, the directors of Pilatus Bank were notified by the European Central Bank that its license had been revoked.

Services

private banking
corporate banking

Clients

high net-worth individuals
financial institutions

Area Served

Europe
Asia
Americas

Financials

Total Assets of PILATUS BANK PLC
Profit_before_taxes of PILATUS BANK PLC
Market Share of PILATUS BANK PLC
Total Assets (2016)
309.00 mln EUR  (-5.21%)
Profit before Taxes (2016)
4.00 mln EUR  (+33.33%)
Number of Employees (2015)
10  (+66.67%)

PILATUS BANK PLC was 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%. In 2016 the bank's profit before taxes was 4,00 mln EUR. PILATUS BANK PLC had 10 employees in 2015.

Deposit Guarantee

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

PILATUS BANK PLC participates in the deposit guarantee scheme of Malta. This deposit guarantee scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign) and covers up to up to 100,000 EUR per bank per depositor. PILATUS BANK PLC is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.

Contacts

Whitehall Mansions, Level 2, Ta' Xbiex Wharf, XBX1026, Ta' Xbiex, Malta
+356 27799999
+356 27799990
http://www.pilatusbank.com/
Website Languages
GBEnglish

PILATUS BANK PLC was headquartered in Ta' Xbiex.

Bank Identifiers

BIC (SWIFT)
PLTSMTMTXXX
Company Number
C 62995
MFI ID
MTCIPLTS

Bank History

Start Date
January 2014
Close Date
May 2018

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See Also

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24 January 2020