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 In November 2018, the directors of Pilatus Bank were notified by the European Central Bank that its license had been revoked.
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.
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.
PILATUS BANK PLC was headquartered in Ta' Xbiex.