Banking & Credit Institutions
The acquisition of a licence in Malta offers a wide range of profitable activities from commercial and corporate banking to wealth management. As at 2014, there were a total of 27 credit institutions licensed in Malta.
Backed by Malta’s strong economic performance, a number of banking institutions have recognised Malta’s potential and set up a banking institution locally, serving both local and international clients. Subject to satisfying the relative criteria, the MFSA may issue a licenses for the following types of credit institutions:
- Retail Banking
- Corporate Banking
- Private Banking
- Business Banking
- Investment Banking
In additional to traditional banking, banks in Malta may also carry out the following activities:
- Financial leasing
- Payment services
- Issuing and administering means of payment (credit cards, travellers’ cheques and bankers’ drafts and similar instruments)
- Guarantees and commitments
- Trading for own account or for accounts of customers in:
- Money market 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
- Money broking
- Portfolio management and advice
- Safekeeping and administration of securities
- Credit reference services
- Safe custody services
- Issuing electronic money
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At GTG we cater for the specific needs of our client – be it a private, commercial, investment, merchant, universal, or specialised bank.
Our activities cover both regulatory and operational work, providing assistance in the areas of:
- The set-up of appropriate procedures and structures in compliance with Maltese legislation
- The Licensing Requirements and Licensing Process
- Transactions and banking operations
- Loan documentation
- Confidentiality
- The provision of banking services on the internet
- Derivatives
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