Sparkasse Bank Malta plc is a leading Maltese financial institution. It offers a full range of services including Private Banking, Investment Services, Custody/Depository Services, and Trust Management. The company is also headquartered in Sliema. The company was established in 2000 and is a member of the Malta Financial Service Authority. It received its banking license on October 2, 2000, and began operations on January 2, 2001.
The bank is licensed by the Malta Financial Services Authority as a Credit Institution, as well as a depositary, investment firm, and custodian. Its services are geared towards corporate entities, private customers, and fund and asset managers. It is one of the few banks in Malta to offer such services to its clients. Its recent growth has made it a top choice for professionals with relevant experience in the financial services sector.
Founded in 1792, the Bank’s mission is to be the bank of choice for investment services firms in Europe. Founded by Paul Mifsud, the company has expanded its offering from basic banking services to services that support the fund and investment services sector in Malta. Ultimately, this goal is to emulate the success of its counterparts in other EU jurisdictions. In this way, the bank aims to become a preferred banking partner for the investment services sector, as it has done in other parts of Europe.
The Sparkasse Bank Malta plc has 11 branches in Malta and one branch in Gozo. It employs 350 people in St. Julians. The Custody Division offers high-quality custody services to institutional investors and financial institutions. The bank also has an office in Austria and has a presence in Ireland. In addition to its operations in Malta, it has offices in Vienna and Dublin. The company has a strong reputation for providing a range of depositary services to clients in the UK and Ireland.
The Bank of Montreal is a world-class bank that is actively involved in the depositary services sector. The company has a dedicated team of experienced professionals focused on these services. They guarantee their clients’ confidentiality and are responsive to their needs. So, whether you’re an individual or an institution, Sparkasse is a reliable banking partner. Its team of experts specializes in both private and corporate banking. They provide services to individuals and institutions in a wide range of industries, including wealth management, insurance, pensions, and investments.
The bank is a member of the Depositor Compensation Scheme, a government-sponsored scheme which covers most types of deposits. The depositor compensation scheme is a legal entity-to-client arrangement where the bank pays the depositor’s fees and guarantees the bank’s money. The financial protection offered by this depositor compensation plan is essential. This insurance is available to all investors and is provided by the company through the Central Bank of Malta. More to read from The Irish Times