In any country, banking is an essential service that everyone uses either on a personal level or both on a personal and business level. Although Malta is a small country, it has a mixed portfolio of banks, made up both by local banks and international banks.
The Banking Act of 1994 is the law that rendered the legal regime compliant with modern international practice through the harmonization of the various relevant EU Directives. Banks in Malta are regulated by The Malta Financial Services Authority (MFSA) to assure that they are compliant with the Banking Act.
In recent years, it has become more demanding to open an account with a bank in Malta, especially for foreigners that have just moved to Malta.
This article lists and provides a brief description about all the banks that provide services to individual and business entities that are based in Malta and Gozo. The list of banks in Malta and Gozo may be found below.
Central Bank of Malta
The Central Bank of Malta is the national central bank of the Republic of Malta. It was established in 1968 and is responsible for the maintenance of monetary stability and financial stability in the country. The bank also promotes the soundness, integrity and efficiency of the Maltese financial system. It formulates, implements and monitors monetary policy, issues currency notes, holds foreign reserve assets and operates payment systems. Malta’s Central Bank of Malta also carries out research on economic and financial matters related to its functions and provides a range of services to banking institutions, government agencies and international organizations. As part of its commitment to transparency, it publishes statistics on various aspects of the economy such as inflation rates, exchange rates, financial market performance and trade balance.
HSBC Bank Malta
HSBC Bank Malta is one of the leading banking institutions in the country. With its extensive network of ATMs and branches across the island, HSBC Bank Malta provides a wide range of services to both individuals and businesses. Services include credit and debit cards, various bank accounts such assavings accounts, loans, investment options, foreign exchange services, international banking and much more. Customers can also benefit from online and mobile banking platforms for quick access to their accounts and transactions. The bank also offers competitive interest rate options as well as wealth management advice from experienced professionals. HSBC Malta is committed to providing its customers with quality service that meets their expectations. HSBC Bank Malta plc is listed on the Malta Stock Exchange.
Bank of Valletta
Bank of Valletta, or BOV, is a leading Maltese bank. It was founded in 1974 and is the largest financial services provider in Malta. BOV ltd provides innovative banking solutions to both corporate and individual customers. Their products include current accounts, savings accounts, mortgages, investment funds, insurance products and more. BOV is a reliable partner for its customers – offering secure online banking services as well as 24/7 customer service via phone and email. Their staff members are highly-trained professionals who always strive to meet the needs of their customers. With over 40 years of experience in the industry, Bank of Valletta continues to be a leader in providing quality financial services to its customers. BOV is listed on the Malta Stock Exchange.
APS Bank is a Maltese financial institution that has been in operation since 1910. It provides a range of products and services, including current accounts, savings accounts, term deposits, online banking and investment options. The bank also offers personalised advice to customers on various financial matters including retirement planning, wealth management and estate planning. APS Bank plc is committed to providing a safe and secure banking environment for its customers and uses the latest technological advancements to ensure their data is protected. Their customer service team is available to help with any queries or concerns they may have regarding their finances. The bank’s products are tailored to meet the needs of both individuals and businesses alike. With competitive interest rates and excellent customer service, APS Bank is an ideal choice for those looking for a reliable bank.
MeDirect Bank, previously known as Mediterranean Bank, is a full-service online bank that offers a wide range of banking products from savings accounts and investments to loans and mortgages. With MeDirect Bank Ltd, customers can access their accounts online anytime to check balances, transfer money and manage personal finances. The bank also offers its customers a wide selection of investment products such as stocks, mutual funds and bonds. MeDirect Bank is committed to providing its customers with the best banking experience possible. It has an easy-to-use website that makes it easy for people to find the right product for their individual needs. The bank also provides customer support through email, telephone or social media, allowing customers to get quick answers to any questions they may have. Customers can also take advantage of many special offers such as cashback rewards and discounts on specific products. MeDirect Bank is an excellent choice for anyone looking for an online banking solution.
Bnf Bank (Banif Bank)
Banif Bank is a financial institution that has been providing banking services to its customers since 1988. It is headquartered in Portugal and operates in the European Union, Latin America and the Caribbean, Africa and Asia. The bank offers a wide range of products including loans, mortgages, savings accounts, investments and insurance. Bnf Bank plc also provides online services such as mobile banking, internet banking and telephone banking to help customers manage their finances easily. They prioritize customer satisfaction by offering personalized services to meet each customer’s individual needs. Furthermore, they have put in place a secure system of banking transactions to ensure safety for all customers. Their commitment to excellence has earned them numerous awards throughout the years for their excellence in customer service, technology innovation and product development.
Lombard Bank Malta
Lombard Bank is a leading financial institution in Malta, providing retail and corporate banking services to customers across the country. With over 30 years of experience, it has established itself as one of the most reputable and reliable banks in the country. They offer a wide range of services such as savings accounts, current accounts, term deposits, debit cards, credit cards and loans. Their customer service is also highly rated with dedicated staff to assist customers with any queries or concerns they may have. Furthermore, Lombard Bank takes extra steps to ensure customer security by offering fraud protection services and an array of online banking features for added convenience. All in all, it’s commitment to providing excellent service and secure banking solutions makes it a great choice for anyone looking for a reliable bank in Malta.
FCM Bank is a full-service financial institution that offers a wide range of banking services to meet the needs of both individuals and businesses. From checking accounts and savings accounts to loans and investments, they have something for everyone. They offer competitive rates on all of their products, as well as personalized customer service. They are also committed to providing exceptional service to their customers, offering 24/7 customer support and online banking solutions. Additionally, they provide fraud protection and security measures to ensure your financial information is safe and secure. With offices located throughout the country, FCM Bank makes banking easy for anyone looking for a bank with comprehensive services, competitive rates, and great customer service.
IIG Bank Malta
IIG Bank Malta is a provider of financial services in the country. Founded in 2010, they have quickly become a trusted name in banking and finance, offering a range of innovative products and services to their customers. Their focus is on providing customised solutions to meet individual needs, with competitive interest rates and low fees. They offer savings accounts, loans, current accounts and other banking activities for both personal and business use. The bank also provides insurance cover for its customers so that they can be protected against any unforeseen financial losses. IIG Bank Malta is committed to delivering excellent customer service, with dedicated staff who are available to answer any questions or queries you may have. With their commitment to providing quality products and services at competitive rates, IIG Bank Malta is an ideal choice for those looking to manage their finances efficiently.
Sparkasse Bank Malta
Sparkasse Bank is a leading financial institution in the Maltese islands, providing a wide range of services to individuals and businesses. Founded in 2009, Sparkasse Bank Malta has become one of the main banks in the country, offering competitive rates and attractive products to customers. With its headquarters in Valletta, the capital of Malta, Sparkasse Bank provides a full range of services including current accounts, savings accounts, home loans, car loans and investment products. Additionally, they offer private banking offerings such as wealth management and trust services. Customers can also take advantage of their internet banking facility which allows them to conduct transactions securely from anywhere in the world. Sparkasse Bank prides itself on providing excellent customer service with a highly experienced team of professionals who are always willing to help customers with any queries they may have.
Izola Bank is a banking institution in the country, providing its customers with a wide range of services and products. It offers both traditional banking services such as checking and savings accounts, personal loans, mortgages and insurance as well as modern digital banking solutions that allow customers to access their accounts online or through mobile apps. The bank also offers financial advice, investment opportunities and foreign exchange services. With its strong commitment to customer service and excellent products and services, Izola Bank has become one of the most trusted banks in the country. As part of its effort to provide convenience to customers, it has established numerous branches throughout the country, making it easier for people to access their accounts and manage their finances wherever they may be.