Credit Institutions

In Financial Services

About Us

Malta boasts a stable economy and secure banking sector, distinguishing it as an ideal jurisdiction to obtain a banking license which may be passported across the European Union. The business of banking is defined in the Banking Act, Chapter 371 of the Laws of Malta, as the business of an entity that accepts deposits of money from the public, or raises money from the public, to employ such money by lending it to others or investing for the account of the person accepting the money.

Key Features:

Licensed entities may provide additional services such as:

  • Financial leasing;
  • Payment Services;
  • Issuing and administering other means of payment
  • Guarantees and commitments;
  • Trading for own account or an account of customers in:
  1. Money market instruments (cheques, bills, certificates of deposit, and similar instruments);
  2. Foreign exchange;
  3. Financial futures and options;
  4. Exchange and interest-rate instruments; and
  5. Transferable securities.
  • Participation in securities issues and the provision of services related to such issues;
  • Advice to undertakings on capital structure, industrial strategy and related questions and advice as well as services relating to mergers and the purchase of undertakings;
  • Money broking;
  • Portfolio management and advice;
  • Safekeeping and administration of securities;
  • Credit reference services;
  • Safe custody services;
  • Issuing electronic money.

The Malta Financial Services Authority (MFSA) is the regulatory body which issues licenses and supervises credit institutions. Further supervision is undertaken by the European Central Bank (ECB). The Central Bank of Malta also plays an essential role by maintaining price stability in the market. To this end, it is empowered to impose specific requirements on credit institutions under the Central Bank of Malta Act. Another key regulator is the Resolution Authority established within the MFSA, which was established in terms of the Bank Recovery and Resolution Directive (BRRD). The Board of Governors of the MFSA undertakes the role of the Resolution Authority, which is responsible for exercising resolution powers when a bank is no longer viable.

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