ECCM Bank plc

ECCM Bank Plc was granted a banking licence on 1 July 2014. Raiffeisen Bank International AG sold its business on Malta (Raiffeisen Malta Bank) to the newly-formed ECCM Bank. The sale/purchase agreement was signed in December 2013. ECCM Bank offers banking services to international corporate clients, including short term and long term lending, deposit accounts, payment services, safekeeping and administration of securities.

Services

Corporate Banking
Securities Services

Financials

Total Assets (2017)
445.00 mln EUR  (+25.35%)
Profit before Taxes (2017)
10.00 mln EUR  (+42.86%)
Number of Employees (2015)
10 

ECCM Bank plc is the 11th largest bank in Malta in terms of total assets. In 2017 its total assets were 445,00 mln EUR, providing the bank with the market share of 1.64%. In 2017 the bank's profit before taxes was 10,00 mln EUR. ECCM Bank plc had 10 employees in 2015.

ECCM Bank plc participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

The Adelaide, 230/231, Tower Road, SLM 1607, Sliema, Malta
22600000
21320954

ECCM Bank plc is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
ECMBMTMTXXX
MFI ID
MTCIECCM
Start Date
July 2014

Business Summary

Services
corporate banking
securities services

ECCM Bank plc provides products and services in the areas of corporate banking, securities services.

Financial Positions

Total Assets (2017)
445.00 mln EUR  (+25.35%)

In 2017 total assets of ECCM Bank plc were 445.00 mln EUR. Growth compared to the previous period (2016) was 25.35%. The evolution of the total assets of ECCM Bank plc is shown at Chart 1 below.

Total Assets of ECCM Bank plc.

Chart 1. Total Assets of ECCM Bank plc.

Profit and Loss

Profit before Taxes (2017)
10.00 mln EUR  (+42.86%)
Annual Profit (2016)
6.00 mln EUR  (+100.00%)

Recent changes in gross profit of ECCM Bank plc and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 6.0 10.0 +66.67%
Net Commission Income 1.0 2.0 +100.00%
Table 1. Recent changes in gross profit of ECCM Bank plc (mln EUR).

In 2017 profit before taxes of ECCM Bank plc was 10.00 mln EUR. Growth compared to the previous period (2016) was 42.86%. The evolution of the profit before taxes of ECCM Bank plc is shown at Chart 2 below.

Profit before Taxes of ECCM Bank plc.

Chart 2. Profit before Taxes of ECCM Bank plc.

In 2016 annual profit of ECCM Bank plc was 6.00 mln EUR. Growth compared to the previous period (2015) was 100.00%. The evolution of the annual profit of ECCM Bank plc is shown at Chart 3 below.

Annual Profit of ECCM Bank plc.

Chart 3. Annual Profit of ECCM Bank plc.

Number of Employees

Number of Employees (2015)
10 

In 2015 there were 10 employees of ECCM Bank plc. The value didn't change compared to the previous period (2014). The evolution of the number of employees of ECCM Bank plc is shown at Chart 4 below.

Number of Employees of ECCM Bank plc.

Chart 4. Number of Employees of ECCM Bank plc.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
11th (market share 1.64%)

In 2017 ECCM Bank plc was ranked the 11th largest bank in Malta in terms of total assets, having 1.64% of the domestic market share.

Market share of ECCM Bank plc (among banks in Malta)

Chart 5. Market share of ECCM Bank plc (among banks in Malta)

Several banks having the market shares and ranks closest to ECCM Bank plc are shown below.

RankNameTotal AssetsMarket Share
10Sparkasse Bank Malta plc520.00 mln EUR1.92%
11ECCM Bank plc (new)445.00 mln EUR1.64%
12Ferratum Bank plc261.00 mln EUR0.96%
 

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 ECCM 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

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 ECCM Bank plc and its components are shown in the table below.

BIC  ECMBMTMTXXX
Bank BIC Code  ECMB
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 ECCM Bank plc is shown in the table below.

MFI ID  MTCIECCM

Domestic Presence

Branches (2015)

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