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Banks & Credit Institutions


Banking services are defined primarily by the Banking Act (Chap 371 of the Laws of Malta) as:

  • the acceptance of deposits of money from the public (whether as principal or agent) withdrawable or repayable on demand or after a fixed period, or

  • borrowing or raising money from the public for the purpose of employing all or part of such money by lending to others or investing such money at its own risk.

Credit Institutions

The business activities of a credit institution may, besides the business of banking, include any or all of the following additional activities, subject to the approval of the MFSA:

  • Financial leasing

  • Payment Services

  • Issuing and administering other means of payment (travellers’ cheques, bankers’ drafts and similar instruments)

  • Guarantees and commitments

  • Trading for own account or for account of customers in:

    • Money market instruments (cheques, bills, certificates of deposit, and similar instruments)

    • Foreign exchange

    • Financial futures and options

    • Exchange and interest-rate instruments

    • 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.

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