IIG Bank (Malta) Ltd has been established in Malta in March 2010 and has quickly earned a reputation of a trustworthy financial institution offering best-in-class rates of return to its customers. The bank is an affiliate of the International Investment Group LLC, an established global trade finance manager based in New York specialising in the global commodity export sector with a focus on the emerging markets. IIG Bank is a fully licensed credit institution regulated by the Malta Financial Services Authority and is a participant in the Depositor Compensation scheme.
Our team
IIG's greatest asset is the collective talent of its professional staff. Our executive managers are experienced and proven professional bankers with over 75 years of combined experience in private banking, wealth management, corporate banking and trade finance.
We are committed to deliver a quality service to our clients, and we achieve this objective by engaging employees who have proven skills to do the job.
Raymond Busuttil, Managing Director and CEO of IIG Bank While new regulations are affecting banks’ bottom lines, Raymond Busuttil of IIG Bank urges smaller players to remain niche in their approach and not to emulate larger institutions with a full package of consumer services.
London/Kiev, September 2015: ING Bank N.V. and UniCredit Bank Austria AG (together the "Co-ordinating Mandated Lead Arrangers" and "Bookrunners") are pleased to announce that a new US$350,000,000 Syndicated Pre-export Credit Facility (the "Facility") in favor of INERCO TRADE SA and RESTOMON LTD
Raymond Busuttil, Managing Director and CEO of IIG Bank While new regulations are affecting banks’ bottom lines, Raymond Busuttil of IIG Bank urges smaller players to remain niche in their approach and not to emulate larger institutions with a full package of consumer services.
London/Kiev, September 2015: ING Bank N.V. and UniCredit Bank Austria AG (together the "Co-ordinating Mandated Lead Arrangers" and "Bookrunners") are pleased to announce that a new US$350,000,000 Syndicated Pre-export Credit Facility (the "Facility") in favor of INERCO TRADE SA and RESTOMON LTD
Malta, May 2015: IIG Bank is pleased to announce that we moved offices to larger premises, two doors away, on the ground floor of the Qui-Si-Sana Boutique Apartments.
Malta, May 2015: During the financial year 2014 IIG Bank registered significant progress in developing its business strategy which is targeted towards a global presence in international trade and commodity finance.
Malta, January 2015: The long march to better times after the global crises of 2008 has still a long way to go especially in the European sector.
Raymond Busuttil Managing Director and CEO
Languages:
English, Maltese
Joseph Grioli Chairman
Languages:
English, Maltese
David Hu Co-founder IIG LLC
Languages:
English
J Douglas Nelson Director
Languages:
English
Martin S Silver Co-founder IIG LLC
Languages:
English
Karl Vella Executive Director, Chief Financial and Compliance Officer
Languages:
English, Maltese
events
Raymond Busuttil
Managing Director and CEO
CONNECT LANGUAGES SPOKEN
English Maltese
Company Information
KEY EXECUTIVES
Joseph Grioli
Chairman
David Hu
Co-founder IIG LLC
J Douglas Nelson
Director
Martin S Silver
Co-founder IIG LLC
Karl Vella
Executive Director, Chief Financial and Compliance Officer
DATE
FOUNDED
2010
NUMBER OF
EMPLOYEES
11-20
COMPANY
TYPE
Limited Liability Company
LANGUAGES
SPOKEN
English, Italian, Maltese
This is the Bank's base account, common to all of our clients.
Many have the interest paid regularly from their Term Deposit and all payments will route through the Prime Account so that income can be paid as instructed.
Deposits can be made at any time and funds are available whenever you need them.
Our contract of deposit allows you to fix your interest rate for a set period of time. Longer periods of investment are rewarded with higher rates of interest. Your deposit account can be fixed for any period from 3 months to 3 years. Interest rates are fixed for the whole term at the time the deposit is made. You can rollover interest earned or, if investing for 12 months or more, receive payment at regular intervals, quarterly, half-yearly or annually. All this, while earning a superior rate of interest.
Our philosophy is to provide you with products that meet your particular needs. We can even provide deposit products to suit your individual preferences. If you are planning to make an investment in a property on a specific date, or need the money for any other reason, you can set the deposit to mature, just when you need it, and earn the best rate possible.
Indicative interest rates of deposits in Euro, US Dollars and Sterling are available on our website.
You can contact us using the contact form or call +356 2248 4513 during office hours.
Our core expertise is in financing international trade, focusing on the soft and hard commodities export sector in emerging markets. IIG Bank participates together with other lenders in financing structured trade finance credit facilities with a maximum maturity of up to 36 months, supported by numerous individual transactions which are typically short term in nature, reflecting the life cycle of an export order.
Our Corporate Account is designed especially for your business enterprise. Once you establish your account relationship with us, you can request accounts to be opened in any major currency, to suit your business and cash flow needs. Remittances and international settlements are facilitated through our global correspondents using SWIFT. Moving funds from one account to another, switching of currency and hedging your currency exchange risk is easy.
As a Corporate Banking client, you are allocated an account relationship officer who attends to all your daily service requirements. You have real time access to your Prime account through our internet banking service.
SWIFT is the most efficient way to deposit money and access funds from your account. You can deposit, withdraw and settle all kinds of payments worldwide in the most secure and efficient manner. Our 24 hour internet banking service allows you instant access to your money irrespective of where you reside. If you have any queries, your account officer is there to guide you to use our services and to assist you in the execution of payment orders or money transfers.
Main correspondent for EUR, USD & GBP
EUR & GBP
Deutsche Bank AG - Frankfurt SWIFT Code: DEUTDEFF
USD
Deutsche Bank Trust Company Americas - New York SWIFT Code: BKTRUS33
Whatever your reason to do so, converting from one currency to another is made easy for you at IIG Bank. You may be a depositor wishing to take advantage of swings in currency values or may be aiming for a better return on your money. Likewise, in business, you may have particular needs to convert and keep various currencies or to hedge your risk against any change in value of a particular currency.
We offer you our spot and outright currency exchange services at competitive prices for whatever purposes required.
Spot currency exchange is the most commonly used service consisting of the immediate exchange of funds at the current market exchange rate.
Forward foreign exchange contracts are used to lock in an exchange rate on a specific date. An Outright Forward is a binding obligation for a physical exchange of funds at a future date at an agreed rate.
Access your Bank account and manage your finances from the comfort of your home or office anywhere around the world. Our round the clock service allows you to view the balances on your accounts. All you need to have is an access link to the internet.
To access our Internet banking click on the following:
For your own safety and security please disregard emails or any kind of communication soliciting you to provide personal information or details about your bank account, such as your account number, internet banking login details or passwords. The Bank has no need to request such information from you.
Rates are indicative and are subject to change without notice. Minimum deposits and/or terms and conditions may apply. IIG Bank (Malta) Ltd is a full member of the Depositor Compensation Scheme established under the Depositor Compensation Scheme Regulations.
Rates effective 22 June 2015.
SERVICES
Prime Account
Term Deposit Account
International Trade Finance
Corporate Banking
Remittances and International Settlements
Currency Exchange and Forward Contracts
Internet Banking
Interest Rates
Raymond Busuttil
Mr. Busuttil serves as the Managing Director and CEO of IIG Bank (Malta) Ltd. With over thirty-four years of experience in the Maltese banking sector, Mr. Busuttil brings significant experience in the local financial services industry, as well as access to regulatory bodies, corporate relationships and an international network of contacts in correspondent banking and global trade finance.
Prior to joining IIG Bank (Malta) Ltd., Mr. Busuttil served in several key managerial positions with various financial institutions, including FIMBank plc, where he spent thirteen years as a Chief Operations Manager, General Manager and Executive Vice President. He was responsible for various aspects of that bank's global operation and assisted in FIMBank's transition to a public entity, including overseeing the IPO and listing on the MSE. He was also a member of the Risk Management Committee, which was responsible for approving all Credit facilities.
Mr. Busuttil is an associate of the Institute of Financial Services, London.
Joseph Grioli Mr. Grioli serves as Chairman of IIG Bank (Malta) Ltd. With over thirty years experience in private companies and government institutions in Malta he provides the bank with access to a vast corporate experience and a network of relationships throughout Europe.
Mr. Grioli served in several executive management positions in various industries, including banking and telecommunications. He was appointed Managing Director of Vodafone's first operation outside the UK and eventually sat on the company's South Europe Council. During his career, he gained a breadth of experience, ranging from accounting, finance and operations management. For thirty three years, Mr. Grioli served as a Director and provided leadership and oversight to many private and public organizations. In 1991 he was appointed Chairman of the Malta Maritime Authority, a position he held until January 1997. Mr. Grioli has also held several key government positions throughout his career, including with the Malta Export Trade Corporation and the Malta Economic Development Council, agencies that he contributed to found. He was elected President of the Malta Federation of Industries for two terms. Currently Mr Grioli is a trustee of two major charitable foundations in Malta.
David Hu Mr. Hu co-founded The International Investment Group LLC and is a Managing Partner, Chairman of the Investment Committee and Chief Investment Officer of the firm.
Prior to co-founding IIG, Mr. Hu served as Managing Director-Head Trader of Emerging Markets Fixed Income at Smith Barney, Inc. and Nomura Securities International, Inc., and Senior Trader of LDC debt at American Express Bank Ltd. In these capacities, he had significant involvement in the trading of emerging markets debt and related instruments and the management of substantial proprietary portfolios. Mr. Hu also played a significant role in the underwriting of numerous transactions on behalf of corporations, financial institutions and government entities.
Mr. Hu started his banking career at Mellon Bank N.A., where he structured cross-border trade transactions and served as an analyst in the bank's Metals and Mining Credit Group.
Fluent in Spanish and Chinese (Mandarin and Cantonese), Mr. Hu holds an MBA in International Management from Thunderbird School of Global Management. He also holds an undergraduate degree in civil engineering from Universidad de San Carlos de Guatemala.
J Douglas Nelson Mr. Nelson serves as Director of IIG Bank (Malta) Ltd. With fifty years of experience in the banking industry in Malta and worldwide, Mr. Nelson has direct and extensive experience in the retail, corporate and investment banking sectors and brings a wealth of knowledge in all aspects of international banking, lending, underwriting, risk management, operations and in particular, global trade finance.
Prior to joining IIG Bank (Malta) Ltd., Mr. Nelson spent over thirty five years with RBC Financial Group, Canada and undertook assignments in Continental Europe, Canada, the USA and Latin America. Prior to his retirement from RBC he was Director-Head of Global Trade Finance at RBC Capital Markets, London with responsibility for the Bank's global trade finance business outside North America. With fifteen years Latin American field experience he brings in depth knowledge of this sector and geography.
Mr. Nelson has been an Associate of the Institute of Bankers since 1968.
Martin S Silver Mr. Silver co-founded the International Investment Group LLC in 1994 and is a Managing Partner, Member-Investment Committee. He is responsible for the firm's overall management and practice, including oversight of the firm's operations as well as marketing and business development, operations and finance functions.
Prior to co-founding the firm, Mr. Silver served in several executive management positions with American Express Bank Ltd, including Executive Director and Comptroller, with responsibility for the bank's global financial management. Mr. Silver was instrumental in establishing and maintaining the LDC trading operation and debt/equity swap programs. His varied accomplishments include the financial management of the American Express Bank's $2 billion plus exposure in LDC debt and equities, the sale of American Express Bank's private bank and oversight of a $2 billion investment portfolio. Mr. Silver also served as primary liaison with various regulatory bodies in the US and overseas. Previously, Mr. Silver worked in various senior financial capacities with Manufacturers Hanover Corporation and Irving Bank Corporation. He began his career with KPMG Peat Marwick.
Mr. Silver, a Certified Public Accountant, is a graduate of City University of New York, Brooklyn College.
Karl Vella Mr. Vella serves as the Executive Director and Chief Financial and Compliance Officer of IIG Bank (Malta) Ltd. In this capacity, he has oversight of the finance and administration functions of the company, including implementation of IT systems, compliance and internal controls.
Prior to joining IIG Bank (Malta), Mr. Vella held key finance and compliance positions in several banking institutions including Izola Bank Limited, Malta. As the Financial Controller and Company Secretary of Izola Bank, Mr. Vella was responsible for the Bank's credit function, treasury, currency and foreign exchange markets. In this capacity, he had significant involvement in liaising with auditors, Maltese Government agencies, regulatory bodies and the Central Bank of Malta.
Mr. Vella holds a bachelor of commerce degree from the University of Malta in Banking and Finance.
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