MeDirect Bank (Malta) plc (previously known as Mediterranean Bank) is a

Maltese Maltese may refer to: * Someone or something of, from, or related to Malta * Maltese alphabet * Maltese cuisine * Maltese culture * Maltese language, the Semitic language spoken by Maltese people * Maltese people, people from Malta or of Malte ...

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

and financial services company with headquarters in Sliema. The Bank's main focus is on the savings, investments and wealth management sector - both for retail and corporate clients. After changing to the

direct banking A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no ...

model, MeDirect closed most of its branches, keeping only their headquarters in Sliema (Malta) and an branch in Victoria (

Gozo Gozo (, ), Maltese: ''Għawdex'' () and in antiquity known as Gaulos ( xpu, 𐤂𐤅𐤋, ; grc, Γαῦλος, Gaúlos), is an island in the Maltese archipelago in the Mediterranean Sea. The island is part of the Republic of Malta. After t ...

). MeDirect Bank (Malta) plc has a subsidiary bank in Belgium where it is licensed and operates a direct bank known a
MeDirect SA/NV
that provides online investment opportunities and other saving products to retail investors.

History

MeDirect Bank (Malta) plc
started off as Mediterranean Bank in June 2004, becoming a fully licensed Maltese credit institution a year later. Its headquarters and sole offices at that time were in

Valletta Valletta (, mt, il-Belt Valletta, ) is an Local councils of Malta, administrative unit and capital city, capital of Malta. Located on the Malta (island), main island, between Marsamxett Harbour to the west and the Grand Harbour to the east, i ...

. In July 2009, the bank was acquired and recapitalised b
AnaCap Financial Partners LLP
a UK private equity firm. The bank was extended with new offices in central London, and grew both in Malta and abroad. In 2010, Mediterranean Bank acquired a majority stake in Charts, a Maltese stockbroking, wealth management and corporate advisory firm, completing its takeover after five years, and then fully incorporating the Charts trading licence in 2018. This enabled MeDirect to offer investment advisory services, as well as corporate broking services to local and international companies. The bank grew in Malta, creating branches in Sliema and Gozo, and acquiring Volksbank Malta Limited in 2014. In 2013, MeDirect launched its Belgian business as an online bank offering savings, investments and wealth management services
MeDirect SA/NV
became a fully licensed Belgian bank in 2015. In 2014, MeDirect was Malta’s third largest bank. It is directly supervised by the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...

and by the Malta Financial Services Authority. Its head office is located at The Centre – Tigne Point, Sliema. In 2022, MeDirect revamped its brand with a promise of a better customer experience. As part of this new brand positioning, MeDirect aims to bridge the gaps between the old and new models of the banking sector. MeDirect has supported several Maltese community projects over the years, such as theatres, local sports clubs, cultural sites and charitable institutions.

External links

Official Website

References

Banks of Malta Banks established in 2004 European investment banks Banks under direct supervision of the European Central Bank 2004 establishments in Malta {{Malta-stub