MeDirect Bank Malta

MeDirect Bank Malta is a Maltese bank and financial services company with headquarters in Sliema. Founded in 2004 as Mediterranean Bank, it was licensed by the Malta Financial Services Authority in 2005.

Mediterranean Bank however struggled to fully maximise the potential of its business model, which was that of an offshore bank,^[2] especially in view of Malta joining the European Union. Four years later, in 2009, it was acquired by AnaCap Financial Partners in a bid to revitalise it.^[3] The bank mostly operates in the corporate sector,^[4] as well as Wealth Management, Investment, and Savings.^[5] The bank has branches all over Malta, including Gozo.^[6]

In 2010, the bank was offering fixed term deposit interest rates of 4.5%.^[7] MeDirect Bank Malta purchased Volksbank Malta in 2014, and merged operations. In 2015, Charts Investment Management Service Ltd was also acquired.

Meanwhile, in 2013, the MeDirect Bank Malta opened a branch in Brussels, Belgium, branded as MeDirect. In June 2015, MeDirect received a Belgian banking license of the National Bank of Belgium. This means that the savings products are covered by the Belgian guarantee scheme. This became recognised by Belgian authorities by 2015.^[8]

As part of its Corporate Social Responsibility, MeDirect Bank Malta sponsors the Malta Rugby Union National Cup, which is in fact known as the Mediterranean Bank Cup.^[9][10][11] This agreement goes way back to 2010 when the bank first sponsored the endeavours of the Malta Rugby Football Union.^[12][13]

As part of its consolidation strategy, Mediterranean Bank underwent a rebranding exercise in November 2017, adopting the name of MeDirect Bank (Malta).^[14] This coincided with the moving of Head Office, Operations and Support Services into new premises at Tigné Point in Sliema.

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