MEDITERRANEAN BANK PLC
Mediterranean Bank plc is pleased to announce that it has agreed today with Volksbank Austria to purchase 100% of the share capital of Volksbank Malta.
Volksbank Malta has operated as a fully licensed Maltese Bank since 2002 and has provided banking services to the Maltese retail and corporate sectors. After taking into account the carve-out last year of its international business, Volksbank Malta has total assets of approximately €150 million and equity of approximately €56 million.
Mark Watson, the CEO of Mediterranean Bank, said that “the purchase of Volksbank Malta will both consolidate and expedite our Maltese growth strategy through its portfolio of Maltese clients which is complementary to our existing customer base and aligned with our future growth strategies.”
The purchase is expected to be completed in the coming weeks, subject to receipt of required approvals from relevant governmental and regulatory authorities.
- April 12, 2014 No comments Posted in: Business
Related posts
-
THE MALTA CHAMBER RENEWS GOLD PARTNERSHIP WITH BANK OF VALLETTA April 17, 2024 | No comments
The Malta Chamber is delighted to announce the renewal of its Gold Partnership with Bank of Valletta (BOV), consolidating a longstanding relationship aimed at fostering economic growth and prosperity in Malta.
-
BOV TALKS ARTIFICIAL INTELLIGENCE IN THE BANKING WORLD April 10, 2024 | No comments
As banks continue to navigate the complexities of a rapidly evolving digital landscape, the integration of AI technologies promises to redefine industry standards and elevate customer satisfaction to unprecedented heights.
-
HSBC Malta Funds Hosts Wealth Investment Seminar March 30, 2024 | No comments
HSBC Malta Funds SICAV plc, in collaboration with HSBC Global Asset Management (Malta) Ltd. and HSBC Bank Malta plc, successfully hosted a Wealth Investment Seminar titled “How to Navigate the Changing Interest Rate Environment.”
-
MeDirect announces more digital services and a profit after tax of €11.9 million for 2023 March 28, 2024 | No comments
As a pan-European digital bank, MeDirect Group has announced a profit after tax of €11.9 million in 2023, up from €8.7 million in 2022.