List of banks in Malta

The following list of banks in Malta is to be understood within the framework of the European single market and European banking union, which means that Malta's banking system is more open to cross-border banking operations than peers outside of the EU.

Policy framework

European banking supervision distinguishes between significant institutions (SIs) and less significant institutions (LSIs), with SI/LSI designations updated regularly by the European Central Bank (ECB). Significant institutions are directly supervised by the ECB using joint supervisory teams that involve the national competent authorities (NCAs) of individual participating countries. Less significant institutions are supervised by the relevant NCA on a day-to-day basis, under the supervisory oversight of the ECB.[1] In the case of Malta, the NCA is the Malta Financial Services Authority.[2]

Significant institutions

As of 1 September 2025, the ECB had two Maltese banking groups in its list of significant institutions:[3]

A study published in 2024 estimated that, as of end-2023, Bank of Valletta had €14.5 billion assets in Malta, followed by HSBC Bank Malta with €7.7 billion and MDB Group with €5 billion.[4]: 29  Since then, HSBC has sold its Maltese subsidiary to Athens-based CrediaBank,[5] and MDB has been separately acquired by Prague-based Banka Creditas.[6] No other SIs based in the euro area have subsidiaries in Malta.[3]

Less significant institutions

As of 1 September 2025, the ECB's list of supervised institutions included 18 Maltese LSIs.

High-impact LSIs

Of these, three were designated by the ECB as "high-impact" on the basis of several criteria including size:

Other Maltese LSIs

The other 11 domestic Maltese LSI were:

  • Banasino Investments Ltd (in Cyprus), owner of ECCM Bank[7]
    • ECCM Bank plc
  • FCM Bank Ltd
  • Izola Bank plc
  • Lidion Holding plc
    • Lidion Bank plc, subsidiary of Lidion Holding
  • Merkanti Bank Ltd
  • Multitude Bank plc
  • Novum Bank Ltd
  • Sparkasse (Holdings) Malta Ltd, owned by Anteilsverwaltungssparkasse Schwaz (parent of Sparkasse Schwaz) in Austria
    • Sparkasse Bank Malta plc, subsidiary of Sparkasse (Holdings) Malta

Non-euro-area-controlled LSIs

Based on the same ECB list, four Maltese LSIs were affiliates of financial groups based outside the euro area:

  • Access Group Malta Holdings Ltd, subsidiary of Access Bank Group
    • Access Bank Malta Ltd, subsidiary of Access Group Malta Holdings Ltd
  • BNF Bank plc, subsidiary of Qatar-based Al Faisal International for Investment[8]
  • IIG Bank (Malta) Ltd, subsidiary of IIG Capital

Third-country branches

As of 13 October 2025, Akbank was the only banking group established outside the European Economic Area with a branch in Malta.[9]

Other institutions

The Central Bank of Malta and Malta Development Bank are public credit institutions that do not hold a banking license under EU law.[10]

Defunct banks

The following former Maltese banks are documented on Wikipedia in English, listed in chronological order of establishment:

See also

References

  1. ^ "What are less significant institutions?". European Central Bank. 2 August 2024.
  2. ^ "Members and Observers". European Banking Authority. Retrieved 19 November 2025.
  3. ^ a b List of supervised entities - Cut-off date for changes in group structures: 1 September 2025 (PDF), European Central Bank, 24 October 2025
  4. ^ Giulia Gotti, Conor McCaffrey & Nicolas Véron (October 2024), Banking union and the long wait for cross-border integration (PDF), European Parliament
  5. ^ Neville Borg (15 August 2025). "HSBC selects Greece's CrediaBank as its preferred bidder". Times of Malta.
  6. ^ "MeDirect acquisition by Banka CREDITAS officially completed". WhosWho.mt. Retrieved 2025-10-02.
  7. ^ Mark Camilleri (4 February 2025). "Kronospan states it divested all its assets from Russia and Belarus in 2023 and operates in Ukraine with 900 employees". The Maltese Herald.
  8. ^ "About BNF BANK". BNF BANK. Retrieved 12 December 2025.
  9. ^ "The EBA updates list of third-country groups and branches operating in the European Union and the European Economic Area", European Banking Authority, 13 October 2025
  10. ^ "Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms - Current consolidated version - Article 2", EUR-Lex, p. L 176/350, 17 January 2025
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