Banking Licence and Credit Institution Licence

Banking Licence and Credit Institution Licence

CSB Group assists clients with obtaining a Maltese banking license which is passportable throughout the EU. Malta provides an optimum platform for those seeking to enter the European market place for banking services. Living up to its catch-phrase of ‘innovation through regulation’, Malta’s regulator (MFSA) has created an advantageous environment of efficiency and reduced bureaucracy for the benefit of international credit and financial institutions. Malta boasts a very reputable and robust banking sector. The World Economic Forum has in fact ranked Malta 13th out of 143 countries in terms of the soundness of its banking system.

The Banking Licence

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 Institution Licence

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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CSB Group
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+356 2557 2557