The Banking Act, Chapter 371 of the laws of Malta regulates the banking sector and defines the banking services as:

the acceptance of deposits of money from the public (whether as principal or agent) withdrawable or repayable on demand or after a fixed period; or
borrowing or raising money from the public for the purpose of employing all or part of such money by lending to others or investing such money at its own risk

Any company which intends to carry out the business of banking in Malta must, prior to the commencement of any such business, obtain a licence from the Malta Financial Services Authority (MFSA). Our team of lawyers have the knowledge and skills to assist clients with such a procedure.

Additionally, subject to the approval of the MFSA, A credit Institution may also elect to undertake any one of the following activities: