MALTA


Major resources are limestone, a favorable geographic location, and a productive labor force. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), tourism and financial services. Economic recovery of the European economy has lifted exports, tourism, and overall growth. Malta adopted the euro on 1 January 2008.

Malta's offshore regime was discontinued in 1996. Maltese banking is now conducted according to the Banking Act 1994 (for credit institutions ie.. commercial banks) and the Financial Institutions Act 1994 (for non-lending institutions, mostly meaning foreign exchange bureaux). This legislation conforms to current EU banking directives.
'International Banking Institutions', seven of which were licensed as offshore companies under the Malta International Business Activities Act 1988 have converted to 'credit institution' status under the Banking Act. Incoming banks are now licensed only under the Banking Act.

Maltese and foreign banks are supervised by the Malta Financial Services Authority. Foreign banks may operate through branches, but are still subject to supervision by the MFSC.

Malta Financial Services Authority
E-mail: communications@mfsa.com.mt
Internet: http://www.mfsa.com.mt/
Phone: +356 2144 1155



Licensed Banks in Malta

Akbank
Offers Expatriate and private banking.

APS Bank Ltd
APS Bank offers a wide range of financial services to both private and corporate customers.

Banif
Offers financial and banking services.

Bank of Valletta International Ltd
Bank of Valletta has 55 branches and agencies in Malta and Gozo as well as a network of representative offices in Australia, Canada and Italy.

BAWAG Malta Bank Ltd
Private, international, investment and treasury services.

CommBank Europe Limited
Private and international business banking services.

FIMBank
FIMBANK is a fully licensed credit institution reporting to the supervisory and regulatory body in Malta.

Finansbank (Malta) Limited
International corporate and personal accounts.

HSBC Bank Malta plc
Provides a comprehensive range of financial services, including commercial banking, merchant banking and capital markets, consumer finance, securities, investment and insurance.

Investkredit International Bank Plc
The bank is licensed to offer all financial services exclusively to non-Malta resident corporate customers in all currencies except Maltese Lira. Our main area of marketing is Austrian Corporates.

Izola Bank
International banking services.

Lombard Bank Malta p.l.c.
Lombard Bank operates as a full-service commercial bank with a network of offices and ATMs.

Mediterranean Bank
Offers banking services for high net worth , corporate and institutional clients.

Nemea Bank Ltd
Banking and financial services.

Sparkasse Bank Malta plc
Offers international banking and wealth management services.

Volksbank Malta Ltd
The Bank offers a full range of financial services to iinternational and local customers, both private and corporate.