Who's Who

Who’s Who: Malta's Top 20 Banks

MaltaProfile has put together a comprehensive list of the most important banking institutions present on the island.

Malta is emerging as a forward-looking banking centre that has attracted international and regional banks as well as smaller, innovative institutions who have established operations in the country. There is a clear divide between the local retail banks that offer a wide range of financial services to corporate and private clients, and the internationally focused, specialised foreign banks that have been set up in Malta and which have almost no interaction with the domestic economy. In total, there are more than 20 banks operating in the country. 


APS Bank plc 

Marcel Cassar, Chief Executive Officer

APS Bank is one of the oldest banks in the Maltese Islands and is a leading provider of financial services, offering personal, business and investment solutions. Its distribution channels consist of a network of branches and ATMs complemented by a versatile electronic banking platform, which serves the retail and commercial customer base. Being a pillar of community banking for over a century, APS Bank is committed as ever to the economic and social development of its marketplace. APS Bank is one of the most exciting and enterprising banks with an agenda of modernisation and growth, helped in no small way by its young, qualified and highly talented workforce. 


Bank of Valletta plc

bank of valletta mario mallia

Mario Mallia, Chief Executive Officer

Bank of Valletta is the leading financial services provider in Malta. The Bank serves its clients via an extensive network of branches offering personal solutions to retail customers; Business and Trade Finance Centres dedicated to SMEs; regional Investment Centres providing tailored advice to personal clients; a Premium Banking Centre offering high-end services to corporate companies and wealth management customers as well as representative offices in Brussels, London and Milan. Additionally, it provides capital market brokerage, fund administration services and structured financial solutions for institutional clients. Bank of Valletta is at the forefront of digital banking, offering customers a vast suite of local and international cards, internet and mobile banking. 


HSBC Bank Malta plc— Commercial Banking

Michel Cordina, Executive Director

HSBC Commercial Banking is a leading provider of business financial services. A purpose-built Business Banking Centre in Qormi brings together under one roof a strong team of specialised Relationship Managers and business specialists, all trained to service businesses, thus making it a service centre of excellence. A wide range of specifically designed solutions are available to meet the diverse needs of the business community, including Loan & Overdrafts, Trade and Receivables Finance, Global Liquidity and Cash Management, Foreign Exchange as well as Internet Banking to meet the needs of business customers. HSBC is an international bank with local expertise supporting all business segments in Malta. 


IIG Bank (Malta) Ltd

Raymond Busuttil, Managing Director & Chief Executive Officer

IIG Bank (Malta) Ltd is a specialist trade finance bank focused on international commodity trade and does this through a comprehensive range of services that are tailored to meet the needs of its international trading customers spread over Latin America, Europe, the Middle East, Africa and Asia. IIG Bank (Malta) Ltd is dynamic and innovative in providing structured solutions for trading companies, distributors, manufacturers and exporters, especially those trading in emerging markets. The Bank’s approach to business is characterised by its desire to build long-lasting relationships and by being close to the customer to promote a better understanding of the complexities inherent in international trade flows. 


NBG Bank Malta Limited


Gerasimos Mavrokefalos, Chief Executive Officer 

NBG Bank Malta Limited  (formerly Finansbank Malta Ltd) was established in 2005 and is a wholly-owned subsidiary of NBG Group. The Group is the oldest and largest bank in Greece and is present in a number of jurisdictions namely Greece, Cyprus, Bulgaria, FYROM, UK, Australia, Egypt, Malta and Romania. NGB Malta is designed to be a one-stop-shop for banking services for high-net-worth individuals and corporations worldwide. Furthermore, the bank also specialises in the provision of risk management and treasury products/solutions for its clients (Ex.Foreign Exchange and Derivative products).


Sparkasse Bank Malta plc


Paul Mifsud, Managing Director 

Sparkasse Bank Malta plc is a public limited liability company established in Malta in 2000. Born in Austria and present in Malta and Ireland, Sparkasse has been supporting Fund Managers and Administrators for well over 10 years. The Bank is currently servicing 40% of the local market with more than €3.3 billion in assets under custody. The Bank’s core suite of services include Banking, Execution, Settlement, Custody and Depositary Services. The Bank is a direct participant in SEPA and member of SWIFT. It is the second largest Non-Core domestic bank and Custodian in Malta and licensed by the masa and the Central Bank of Ireland for the provision of depositary services to Irish Funds. 



Akbank T.A.S.

BNF Bank plc 

Commbank Europe Limited 

Credit Europe Bank Nv Malta Branch 

Credorax Bank Ltd 

ECCM Bank Plc

Fcm Bank Limited 

Ferratum Bank P.LC.


Izola Bank plc

Lombard Bank Malta plc

MeDirect Bank

MFC Merchant Bank Ltd

Novum Bank Limited 

Turkiye Garanti Bankasi Anonim Sirketi 

Yapi Kredi Bank Malta Ltd


Want to Know More 

Find out more about the upcoming edition of the CountryProfiler Malta Report, the most influential publication on doing business and investing in Malta. To participate in this report, contact Garvan Keating on +356 99252229 or keating@countryprofiler.com.



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