Credorax Bank Limited was estblished in Malta in 2007. Credorax Bank Limited is focused on providing integrated acquiring and payment processing services to merchants within the EU and two other EEC States, and is also a principal level member with Visa (Europe), MasterCard and Union Pay.
Credorax Bank Limited is the 16th largest bank in Malta in terms of total assets. In 2017 its total assets were 136,00 mln EUR, providing the bank with the market share of 0.50%. In 2017 the bank's profit before taxes was 3,00 mln EUR. Credorax Bank Limited had 82 employees in 2015.
Credorax Bank Limited participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Credorax Bank Limited is headquartered in Valletta.
|merchant payment processing|
Credorax Bank Limited provides services in the area of merchant payment processing.
|Total Assets (2017)|
|136.00 mln EUR (+36.00%)|
In 2017 total assets of Credorax Bank Limited were 136.00 mln EUR. Growth compared to the previous period (2016) was 36.00%. The evolution of the total assets of Credorax Bank Limited is shown at Chart 1 below.
Chart 1. Total Assets of Credorax Bank Limited.
|Profit before Taxes (2017)|
|3.00 mln EUR (-84.21%)|
|Annual Profit (2016)|
|19.00 mln EUR|
Recent changes in gross profit of Credorax Bank Limited and its main components are shown in Table 1.
|Net Interest Income||0.0||0.0|
|Net Commission Income||9 000 000.0||12 000 000.0||+33.33%|
|Table 1. Recent changes in gross profit of Credorax Bank Limited ( EUR).|
In 2017 profit before taxes of Credorax Bank Limited was 3.00 mln EUR. Decline compared to the previous period (2016) was -84.21%. The evolution of the profit before taxes of Credorax Bank Limited is shown at Chart 2 below.
Chart 2. Profit before Taxes of Credorax Bank Limited.
In 2016 annual profit of Credorax Bank Limited was 19.00 mln EUR. Decline compared to the previous period (2015) was -2 000.00%. The evolution of the annual profit of Credorax Bank Limited is shown at Chart 3 below.
Chart 3. Annual Profit of Credorax Bank Limited.
|Number of Employees (2015)|
In 2015 there were 82 employees of Credorax Bank Limited. Growth compared to the previous period (2014) was 17.14%.
|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 Credorax Bank Limited 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 Credorax Bank Limited and its components are shown in the table below.
|Bank BIC Code||CRXB|
|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 Credorax Bank Limited is shown in the table below.
In 2015 Credorax Bank Limited had 1 branches in Malta. The value didn't change compared to the previous period (2014).