This overview provides a concise examination of the largest and most prominent business banks in Malta, facilitating your comparison of available options. Further details on each institution are provided below.
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HSBC Malta
HSBC Malta is headquartered in Valletta, the capital of Malta. The bank offers a comprehensive suite of banking services, encompassing commercial, global, and retail banking, along with wealth management solutions. For those seeking everyday banking products, HSBC Malta presents a selection of accounts akin to those available in the UK, including the HSBC Advance account, which features a credit card, travel insurance, and additional benefits. Businesses can also access various accounts, loans, and credit cards, with customized services tailored for small and medium-sized enterprises (SMEs).
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APS Bank
Established in 1910, APS Bank is a credit institution based in Malta, with the Archdiocese of Malta and the island of Gozo as its primary shareholder. The bank specialises in retail banking, offering products such as the APS Current Account, which includes online and mobile banking, a debit card, a chequebook, and an overdraft facility (subject to approval). Additionally, APS Bank provides corporate banking services and wealth management solutions.
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FIMBank
Previously known as First International Merchant Bank, FIMBank is part of the KIPCO Group, based in the Middle East. Since commencing operations in Malta in 1995, the bank has focused on trade financing and factoring services for businesses, and it does not offer retail banking services such as current accounts.
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MeDirect Bank
Founded in 2004 and formerly known as Mediterranean Bank, MeDirect Bank specializes in savings, wealth management, and investment services. The bank also provides everyday banking products, including MyCard, which features a debit card and an online current account. Business services at MeDirect Bank encompass cash flow management, investment opportunities, payment solutions, and foreign exchange services.
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Lombard Bank Malta
Established in 1955, Lombard Bank Malta was initially partially owned by the Government of Malta and became publicly listed on the Malta Stock Exchange in 1994. The bank caters to personal, business, and private banking clients. Its current account provides essential features for effective money management, including online banking and a debit card. Additionally, the bank offers savings accounts and term deposits. For business clients, a variety of bank accounts, loans, financing options, international banking services, and cards are available.
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BNF Bank
BNF Bank, previously known as Banif Bank, commenced operations in 2008 and is currently based in Gzira, located in the Central Region of Malta. The bank offers a comprehensive range of retail, business, and corporate banking services. This includes a current account designed for deposits, withdrawals, payments, and transfers, accompanied by a debit card. For businesses, BNF provides corporate and business packages, tailored micro business solutions, and call accounts.
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Sparkasse Bank Malta
Sparkasse Bank Malta, a Maltese-owned institution, has been operational since 2022 and focuses on private banking services. It also provides investment, depository, and custody services. However, Sparkasse Bank Malta does not offer current accounts for retail customers.
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Multitude Bank
Formerly known as Ferratum Bank, Multitude Bank is part of the Finland-based Ferratum Group and was established in 2012 as a commercial bank. It provides both retail and SME banking services. For information regarding current accounts and other consumer banking products, prospective clients are encouraged to contact the bank directly. For businesses, Multitude Bank offers a corporate account along with financing and investment solutions.
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Izola Bank
Founded in 1994 and owned by the Belgian plumbing and heating company Van Marcke Group, Izola Bank specialises in tailored financing solutions for SMEs and larger enterprises in both Malta and Belgium. The bank also provides certain products for personal customers, including the Izola Saver, an online savings account.
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Bank of VallettaÂ
 Founded in 1974, Bank of Valletta stands as the largest financial institution in Malta, both in market share and total assets. The bank provides a comprehensive suite of personal, private, business, and corporate banking services. Among its offerings is the BOV Current Account, designed to facilitate daily financial management. For businesses, Bank of Valletta offers a variety of services, including accounts, cards, payment solutions, and financing alternatives.