Flag of Malta>

Economy and Banking Sector of Malta

Major Banks of Malta

Rank
1
Total Assets
12,094.44 mln EUR  (+2.78%)
Market Share
42.44 %
Rank
2
Total Assets
5,495.62 mln EUR  (+0.66%)
Market Share
19.29 %
Rank
3
Total Assets
2,320.41 mln EUR  (+5.46%)
Market Share
8.14 %
Rank
4
Total Assets
1,891.00 mln EUR  (+26.40%)
Market Share
6.64 %
Rank
5
Total Assets
1,612.86 mln USD  (+15.75%)
Market Share
5.66 %
Rank
6
Total Assets
919.24 mln EUR  (+6.91%)
Market Share
3.23 %
Rank
7
Total Assets
767.00 mln EUR  (+35.04%)
Market Share
2.69 %

#1: Bank of Valletta

Bank of Valletta was founded in 1974. In 1992 Band of Valletta became the first public company listed on the Malta Stock Exchange. Bank of Valletta offers personal and business banking products and services insurance services as well as administration and management services to various types of investment funds.

Services
personal banking
business banking
Products
deposit accounts
credit, debit, prepaid and charge cards
personal loans
mortgage loans
trade finance
business loans and finance

Bank of Valletta is the 1st largest bank in Malta in terms of total assets. In 2018 its total assets were 12 094,44 mln EUR, providing the bank with the market share of 42.44%. In 2018 the bank's profit before taxes was 71,20 mln EUR.

Bank of Valletta is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Bank of Valletta participates in the deposit guarantee scheme of Malta. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: HSBC Bank Malta p.l.c.

HSBC Bank Malta plc was registered in Malta under the name Mid-Med Bank Limited. In 1993 ordinary shares of Mid-Med Bank were listed on the Malta Stock Exchange. In 1997 the bank changed its legal form to public limited liability company. In 1999 the bank changed its name again to HSBC Bank Malta plc. HSBC Bank Malta plc provides a comprehensive range of financial services including retail banking and wealth management, commercial banking and global banking and markets.

Services
retail banking
wealth management
commercial banking
global banking and markets
insurance
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
student loans
green loans
overdraft loans
investment products

HSBC Bank Malta p.l.c. is the 2nd largest bank in Malta in terms of total assets. In 2018 its total assets were 5 495,62 mln EUR, providing the bank with the market share of 19.29%. In 2018 the bank's profit before taxes was 38,55 mln EUR.

HSBC Bank Malta p.l.c. participates in the deposit guarantee scheme of Malta. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: MeDirect Bank (Malta) plc

Established in 2004, MeDirect Bank (formerly Mediterranean Bank) is a specialist bank, focusing on provision of savings products, and wealth management and investment services. In July 2009, Mediterranean Bank was acquired by a new shareholder - a fund managed by AnaCap Financial Partners LLP, a UK private equity firm, and was recapitalised.

Services
retail banking
corporate banking
Products
savings accounts
term deposit accounts
guarantees

MeDirect Bank (Malta) plc is the 3rd largest bank in Malta in terms of total assets. In 2018 its total assets were 2 320,41 mln EUR, providing the bank with the market share of 8.14%. In 2018 the bank's profit before taxes was 21,47 mln EUR.

MeDirect Bank (Malta) plc participates in the deposit guarantee scheme of Malta. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: APS BANK P.L.C.

APS Bank is a Maltese credit institution established in 1910. APS Bank specializes in providing retail banking products and services, including deposit accounts, consumer and mortgage loans. APS Bank also offers corporate banking and wealth management. The major shareholder of APS Bank is the Archdiocese of Malta and Gozo.

Services
retail banking
corporate banking
wealth management
Area Served
MTMalta
DEGermany
Products
current accounts
debit cards
savings accounts
retirement investments
green loans
student loans
consumer loans
mortgage loans
life insurance

APS BANK P.L.C. is the 4th largest bank in Malta in terms of total assets. In 2018 its total assets were 1 891,00 mln EUR, providing the bank with the market share of 6.64%. In 2018 the bank's profit before taxes was 18,63 mln EUR.

APS BANK P.L.C. participates in the deposit guarantee scheme of Malta. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: FIMBank plc

FIMBank (before 2003 - First International Merchant Bank) started operations in 1995; in 2001 its shares were listed on the Malta Stock Exchange. FIMBank plc is headquartered in St. Julian’s is a member of one of the biggest diversified holding companies in the Middle East, the KIPCO Group. FIMBank specializes in provider trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres.

Services
retail banking
corporate banking
Area Served
MTMalta
DEGermany
ESSpain
Products
credit cards
trade finance
factoring
forfaiting

FIMBank plc is the 5th largest bank in Malta in terms of total assets. In 2018 its total assets were 1 612,86 mln USD, providing the bank with the market share of 5.66%. In 2018 the bank's profit before taxes was 12,99 mln EUR.

FIMBank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB (speculative). FIMBank plc participates in the deposit guarantee scheme of Malta. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: Lombard Bank Malta plc

Lombard Bank Malta plc was initially established in Malta in 1955 and was nationalised in 1975. In 1991 the Government of Malta sold its equity in Lombard Bank, which was then listed on the Malta Stock Exchange in 1994. Lombard Bank Malta provides a range of retail, private and corporate banking products and services.

Services
retail banking
private banking
wealth management
corporate banking
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
overdrafts
consumer loans
business loans
trade finance

Lombard Bank Malta plc is the 6th largest bank in Malta in terms of total assets. In 2018 its total assets were 919,24 mln EUR, providing the bank with the market share of 3.23%. In 2018 the bank's profit before taxes was 12,63 mln EUR.

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

#7: BNF Bank plc

BNF Bank plc (formerly known as Banif Bank (Malta) plc) started operations in Malta in 2008. BNF Bank provides personal and business and corporate banking products and services with a focus of lending to the local community, including local SMEs.

Services
personal banking
corporate and business banking
Area Served
MTMalta
DEGermany
Products
current accounts
deposit accounts
debit cards
credit cards
overdrafts
loans
trade finance

BNF Bank plc is the 7th largest bank in Malta in terms of total assets. In 2018 its total assets were 767,00 mln EUR, providing the bank with the market share of 2.69%. In 2018 the bank's profit before taxes was 3,56 mln EUR.

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

See Also