SATABANK plc

 (3.3; 33 ratings)
3.3 33

Business Focus

retail banking

Established in 2014, SataBank offered a range of retail banking products (current accounts, payment cards, time deposit accounts as well as e-money accounts) to private individuals. SataBank also provided commercial banking solutions to corporates, which include merchant acquiring facilities and payment services. In October 2018, the Malta Financial Services Authority placed Satabank under administration due to money laundering concerns. On 26 November 2018, Satabank communicated that it would shortly begin returning deposits to certain personal customers, namely residents of Malta and having balances of between €50 and €15,000.

Services

retail banking
corporate banking
merchant acquiring
payment services

Clients

private individuals
corporates

Products

current accounts
time deposit accounts
payment cards
e-money accounts

Financials

Total Assets of SATABANK plc
Profit_before_taxes of SATABANK plc
Market Share of SATABANK plc
Total Assets (2016)
324.00 mln EUR  (+500.00%)
Profit before Taxes (2016)
6.00 mln EUR
Number of Employees (2015)
14

SATABANK plc was the 12th largest bank in Malta in terms of total assets. In 2016 its total assets were 324,00 mln EUR, providing the bank with the market share of 1.25%. In 2016 the bank's profit before taxes was 6,00 mln EUR. SATABANK plc had 14 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

SATABANK 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. SATABANK plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.

Contacts

Aragon Business Centre, Dragonara Road,, STJ 3140, St Julian's, Malta
+356 2247 7900
Website Languages
GBEnglish

SATABANK plc was headquartered in St Julian's.

Bank Identifiers

BIC (SWIFT)
STBAMTMTXXX
LEI
21380058TBT7QOXGOC76
Company Number
C 66993
MFI ID
MTCISATA

Bank History

Start Date
November 2014
Close Date
October 2018

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See Also

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