Banking

Industry

Banking

The Banking industry in Malta has proven it is a resilient one. We can assist you to benefit from opportunities presented by the Banking industry in Malta.

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Summary

Regional and global consolidations of business and financial markets and increased regulation are bringing about important changes in the banking and financial services industries. This is more significant in the light of the integration of the 2004 Maltese financial markets into the larger European Single Market, pushing market players in the banking industry in Malta into a larger financial playing field.

The banking industry in Malta has ridden the waves of the financial crisis successfully, proving the resilience of its economy and banks where much larger countries and banks faltered. In fact the World Economic Forum’s Global Competitiveness Report 2014-2015 ranked Malta amongst the top ten countries insofar as soundness of the banking system is concerned out of 144 economies and 13th for strength of auditing and reporting standards.

Capital buffers retained by local banks are among the highest in Europe and Maltese banks have consistently returned solvency ratios that are almost double the EU average. This is further witness of the soundness of the banking industry in Malta, and the reputable yet practical regulatory framework presented in the Malta Banking Act and the active supervision taken on by the Malta Financial Services Authority (MFSA), the regulator.

key contacts

jpc@ccmalta.com +356 22056111

Dr. Jean-Philippe Chetcuti

Managing Partner

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The Banking Industry in Malta

The Banking Industry in Mata has experienced noteworthy growth and continues to do so. The country’s banks provide a full range of personal, commercial and trade service to clients. Over the last years the number of credit institutions licensed by MFSA has increased from 4 retail banks to over 25 foreign or privately owned banks and 15 financial institutions. These include various respected names in international finance as well as a number of trade finance banks presenting specialized trade related instruments. The banking industry in Malta includes retail banking, private banking, commercial banking, investment banking, trade finance, treasury and syndicated finance.

Our Malta Banking Industry Team

Our specialised banking industry team consists of a multi-disciplinary team of legal advisors, accountants and tax specialists drawn from our banking, corporate, tax, and real estate practices who have an unparalleled span and depth of knowledge from working with an array of financial services companies, credit institutions, insurance entities, funds and investment services set-ups. Our consultants do not just focus on the legal and regulatory aspects of this industry but provide results-driven practical counsel to our financial clients on some of their most elaborate and unique transactions and to help them address some of their most challenging business matters.

Our Legal Team assists our financial and credit institution client portfolio in setting up and operating from a Maltese regulatory and legal perspective. We work hand in hand with the promoters, in-house legal and financial consultants, executives and other officers. Our Tax Team also assists in devising the most apposite and tax-friendly structure for each specific case.

Chetcuti Cauchi’s expertise and familiarity with the peculiarities of the banking industry in Malta amalgamated with our comprehensive understanding of local regulatory processes has placed us as the firm of choice for judicious clients seeking a consolidated financial services solution provider in Malta.

Our Banking Products

Malta AIFM

Our Banking Services

Bank Accounts

Chetcuti Cauchi is a firm with very educated and knowledgeable lawyers and advisors.

Chetcuti Cauchi has embraced a flexible and modern approach to hybrid working. Rather than prescribe a set number of office days, the firm empowers employees to exercise their judgement in how they manage their working schedule. So long as underlying principles of providing an excellent client service and a collaborative team environment are met, employees have a great degree of freedom in how, and where, they work.

Antoine is very professional and knows his field of expertise very well.

Dr Natasha Cachia’s experience in Financial services in Malta were invaluable to Porterpays team as we establish our business here in Malta. They have worked in a professional manner and were constantly supportive and open to understand new innovative ways in payments and provided us with a stellar advice.

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I approached Chetcuti Cauchi with the objective of establishing a company in order to provide public health information management services to collaborators throughout the European Union.From my first interaction with them through phone discussions and emails to ongoing communications and a visit to their offices in Valletta, I have been extremely pleased with their professionalism, competence, and timeliness.They have been very attentive to the specific needs of my company’s collaborations and have provided much-valued guidance and support both in establishing the company and in its ongoing operations.Iam very satisfied with the work so far, and look forward to more successful interactions in the future.

Chetcuti Cauchi Advocates is a very strong team with a great understanding of complex matters. They enjoy a profound knowledge and expertise.

Chetcuti Cauchi has been doing many different aspects of IP work for us for several years, and I have always been more than satisfied with their work. All the people at the firm with whome I have been in contact have been very professional, efficient and quick in their efforts to assist us. Dr Maria Chetcuti Cauchi has always kept me well informed about every angel of the matters we have dealt with, extremely professional and I fully trust her advice and suggestions. Another thing which I have appreciated is her swift way of replying to our requests.I can highly recommend the firm Chetcuti Cauchi to anybody who needs IP advice on Malta.

Chetcuti Cauchi Advocates boasts an incredibly diverse and talented team. Everyone brings skills, knowledge and experience to the table, creating a dynamic and collaborative environment.

Dr. Chetcuti has always shown great wisdom and knowledge. He’s remarkably courteous and client-oriented.

I highly recommend the services of Chetcuti Cauchi. They assisted me as my appointed Resident Agent with the MDIA, they fully understood my requirements and also have a great reputation as a top law firm in Malta, making them an ideal chioce. They delivered my project on scedule, which had a tight deadline.

Not only do Chetcuti Cauchi have experience, they’re academically proficient as well. They offer a wide variety of different expertise.

Chetcuti Cauchi Advocates offers great ability and strength in handling and resolving difficult and complex matters.

The professionalism and international collaboration of Chetcuti Cauchi’s team are a testament to their cohesive corporate culture. They are prompt in communication and consistently reliable, always delivering on their promises and never committing to tasks they cannot fulfil. This dependability gives us great peace of mind at the start of every project. In particular, we have been working with Magdalena Velkovska and Antoine Saliba Haig, who have been pivotal in building our trust in CC.

I have had the pleasure of having Chetcuti Cauchi as my lawyers for my Maltese Citizenship application and also for property acquisition in Malta. I am extremely satisfied with their professionalism and attention to detail at all times making them, in my experience, one of the best law firms I have ever dealt with anywhere. I am truly honoured to be their client and shall continue to remain so.

Jean-Philippe was a key advisor to me on the general European and in particular Maltese related tax, legal, accounting and secretarial aspects of a rather complex corporate group structure. We were operating in an extremely dynamic situation, and I was most grateful for his patience and understanding when we had to scrap the last idea and start all over again. He is highly professional, responsive and is excellent at finding practical solutions to difficult situations, whatever the time of day or night. He also has an excellent relationship with his team, and the service provided by his firm is intelligent, joined up and seamless. He is good humoured and imminently likeable and I look forward to working with him again in the future.

My wife and I have an association with Chetcuti Cauchi since 2009. They assisted us with our original residence permit applications for Malta and since then have taken care of our annual income tax submissions and PR sticker / E-residence card renewals. They always handle our matters very efficiently and professionally. The consultants that work with us are friendly, helpful and very competent. They are familiar with the regulations and procedures in the related government departments, and this makes the process run extremely smoothly for us. We are very satisfied with the service we received from Chetcuti Cauchi and will continue to maintain our relationship with them in future. We can highly recommend them for any of the services that they offer.