Established in 2014, SataBank offers a range of retail banking products (current accounts, payment cards, time deposit accounts as well as e-money accounts) to private individuals. SataBank also provides commercial banking solutions to corporates, which include merchant acquiring facilities and payment services.
SATABANK plc is 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%. SATABANK plc had 14 employees in 2015.
SATABANK plc participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.
SATABANK plc is headquartered in St Julian's.
SATABANK plc provides products and services in the areas of retail banking, corporate banking.
|Total Assets (2016)|
|324.00 mln EUR (+500.00%)|
In 2016 total assets of SATABANK plc were 324.00 mln EUR. Growth compared to the previous period (2015) was 500.00%.
|Annual Profit (2016)|
|4.00 mln EUR|
Recent changes in gross profit of SATABANK plc and its main components are shown in Table 1.
|Net Interest Income||1.0||1.0||0.00%|
|Net Commission Income||1.0||3.0||+200.00%|
|Table 1. Recent changes in gross profit of SATABANK plc (mln EUR).|
In 2016 annual profit of SATABANK plc was 4.00 mln EUR.
|Number of Employees (2015)|
In 2015 there were 14 employees of SATABANK 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 SATABANK 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 SATABANK plc and its components are shown in the table below.
|Bank BIC Code||STBA|
|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 SATABANK plc is shown in the table below.
In 2015 SATABANK plc had 1 branches in Malta.