Malta Offshore Bank Account

malta offshore bank account

We provide extensive details about the Malta banking system and on opening a Malta offshore bank account. You will also find information on the governing body, as well as a list of local and international banks that currently operate in Malta.


The Malta Banking System

The Central Bank of Malta plays a vital role in the implementation of the Government’s monetary policies, and its main functions are similar to those of European Central Banks. These include the issue of currency, maintenance of the external reserves and acting as a banker to Government and the commercial banks.

Banking business in Malta is regulated by the Banking Act, 1994, which came into force on 15 November, 1994 and amended during 2002. The law, which replaced the Banking Act, 1970 has adopted European Union directives as the main reference for the regulatory concepts and supervisory practices which it introduced.

The Banking Act, 1994 has introduced a modern regulatory regime with all the flexibility necessary in a modern and dynamic banking environment. To achieve this flexibility, the Act has provided for the appointment of a competent authority responsible to administer the provisions of the Act, particularly as regards regulation and supervision of banks. The Malta Financial Services Authority (MFSA), as the competent authority, is empowered to issue directives to credit institutions to monitor risks and establish other regulatory requirements.

The following banking institutions are currently licensed in Malta:

  • AKBANK T.A.S. (MALTA BRANCH)
  • APS BANK LTD.
  • BANIF BANK (MALTA) PLC
  • BANK OF VALLETTA P.L.C.
  • BAWAG MALTA BANK LTD
  • CENTRAL BANK OF MALTA
  • CREDIT EUROPE BANK N.V. MALTA BRANCH
  • FIMBANK PLC
  • FORTIS BANK MALTA LTD.
  • GARANTI BANK, MALTA BRANCH
  • HSBC BANK MALTA P.L.C.
  • IIG BANK (MALTA) LTD
  • IZOLA BANK LIMITED
  • LOMBARD BANK MALTA PLC
  • MEDITERRANEAN BANK PLC
  • NBG BANK MALTA LIMITED
  • NEMEA BANK
  • RAIFFEISEN MALTA BANK PLC
  • SAADGROUP BANK EUROPE LIMITED
  • VOLKSBANK MALTA LIMITED

To learn more about Malta offshore banking or offshore bank account opening in another jurisdiction, Contact Us today.