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Banking System in Malta

Updated on Tuesday 14th November 2017

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Banking-System-in-Malta.jpgThe Maltese Financial Services Authority (MFSA) is the only regulatory body for the financial institutions in the country, in accordance with the EU (European Union) legislation. Malta has a dynamic banking environment and aligns with other important financial centers in the world by providing stability and confidence on the market. When registering a company in Malta, one of the main requirements is to open a bank account in order to deposit the minimum share capital. In this matter and in any other related to company incorporation, we suggest you address your requests to our specialists in company formation in Malta.
 

Information about banks in Malta

 
Since 2014 when the European Central Bank took the responsibility for overseeing the banking system in Malta, the country adopted the new EU banking legislationBanks in Malta are well exploited and have vast and differentiated portfolios in complete agreement with the EU standards. The bank capital in Malta is mostly sustained by the deposits of clients alongside with varied investments in the sector. With an advantageous environment, efficiency and less bureaucracy, the banking system in Malta is appreciated on the local plan and also internationally. 
 
When choosing the proper bank for future financial transactions in your company, one can ask for support from our Maltese company formation agents. We remind that the company registration in Malta is an easy process which can be done within a few working days.
 

The bank structure in Malta

 
The foreign and local banks activating in Malta  are grouped into 3 main categories considering the services and the products served to customers, such as:
 
•    core domestic banks which are universal banks with a wide range of services, operating through a branch network in the country’s main cities;
•    non-core domestic banks which offer a limited area of banking services for residents and foreigners;
•    the international banks which mostly deal with foreign customers or businesses outside borders of Malta.
 
A business person in Malta can choose the proper bank to meet the needs and requirements of a company.
 

Important banks in Malta

 
Malta is seen as an international banking center and it is respected just as the other countries of the Mediterranean region. The banking sector in Malta consists of both retail banks and foreign-owned banks which offer several important services and solutions for companies and natural persons in the country. There are about 25 banks with operations in Malta, and each of them can sustain the domestic funding in the market and also credits for local or foreign companies in Malta.
 
Investors are suggested to get in touch with our experts in company formation in Malta for additional details about the banking system in the country.
 
 
 
 
 

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