The banking structure in Malta is not unlike many other countries in the region or the world. First, you have a central bank that helps manage the banking industry as most countries do. You also have regulatory agencies that monitor the banking system. Where the banking system in Malta differs is in the names and functions of these institutions, the stability of its banking structure and the financing option available in the country. These differences aren't minor and you need to research the banks in Malta prior to any transaction. An excellent place to begin this research is with the banks in Malta key terms.
Central Bank of Malta
The Central Bank of Malta is the bank to most financial institutions in Malta and the government itself. The Central Bank of Malta also has the responsibility to maintain price and banking stability. It accomplishes this mainly through monetary policy in accordance with its stated mission.
Financial Institutions Act
The Financial Institutions Act is legislation that revamped the banking and financial services industry in Malta. There have been additions to the regulations over the years but this legislation remains a key legal component in the regulation of the banking industry.
Malta Financial Services Authority
The Malta Financial Services Authority is the governmental agency responsible for the enforcement of the banking laws in Malta. If you ever have any regulatory issues or complaints, this is the entity in Malta to contact.
HSBC Malta is one of the largest international banking institutions operating in the country. If you're new to the country's banking system, an international firm may be the best option. HSBC has offices in the United States, making banking much more convenient and simpler.
First International Merchant Bank
First International Merchant Bank is one of the largest banks with its headquarters in the country. The First International Merchant Bank is an excellent source for local banking practices and regulations.