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What banks are there in Malta? An overview

Each client of Dr Wern­er & Part­ner who founds an LTD in Mal­ta soon­er or lat­er needs a bank account to guar­an­tee the company’s pay­ment trans­ac­tions. In so doing it is not, how­ev­er, absolute­ly nec­es­sary to open an account in Mal­ta. Thus we have some clients who main­tain their bank accounts with an inter­na­tion­al bank out­side...

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Comparison of the banks of Malta and Cyprus

Many of our clients are often ask­ing about the bank­ing sys­tem in Mal­ta and if it is sim­i­lar to the one in Cyprus. To answer this ques­tion I would like to give more detail about the dif­fer­ences between the Mal­tese and the Cypri­ote bank­ing sys­tem. Even though both coun­tries are small islands in the Mediter­ranean...

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The Mediterranean Bank group is now in the top three of Malta’s largest banks

After the acqui­si­tion of the Volks­bank Mal­ta, the Mediter­ranean bank plc has now become the third largest bank in Mal­ta. The bank’s share­hold­er equi­ty is now €170 mil­lion. The acqui­si­tion of the Volks­bank Mal­ta was car­ried out after the Mal­tese Finan­cial Ser­vices Author­i­ty (MFSA) had giv­en their approval. After the acqui­si­tion the group set up...

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HSBC Malta and BOV passed ECB stress test

Accord­ing to infor­ma­tion from the Euro­pean Cen­tral Bank 13 banks failed the stress test, which assessed the cap­i­tal buffers of the banks through an in-depth review of their finances. This test was car­ried out as part of a reg­u­la­to­ry effort aimed at assess­ing the health of Euro­pean banks. The aim of the test is to...