MeDirect Bank Malta
 | |
| Formerly | Mediterranean Bank |
|---|---|
| Company type | Public Limited Company |
| Industry | Banking Financial services |
| Founded | 2004 |
| Headquarters | The Centre, Tigné Point, , |
Number of locations | 2 branches |
Area served | Malta |
Key people | Bart Bronselaer (Chairman) Jean-Claude Maher (Chief Executive Officer) |
| Products | Retail Banking Commercial banking Investment Services Wealth Management |
| Brands | MeDirect |
| €14.3 million | |
| Total assets | €5.9 billion (as of December, 2024) [1] |
| Owner | MDB Group Limited |
Number of employees | 365 (as of December,2024) |
| Parent | Banka Creditas |
| Subsidiaries | MeDirect SA/NV |
| Website | www |
MeDirect Bank (Malta) plc (previously known as Mediterranean Bank) is a Maltese bank and financial services company. Headquartered in Sliema, its branches are located in Sliema and Victoria (Gozo).[2]
In September 2025, it was announced that Prague-based Banka Creditas had completed the purchase of MDB Group Limited, the parent company of MeDirect Bank (Malta) plc.[3]
Overview
[edit]MeDirect is a digital challenger bank, with two main lines of business, retail investing and specialised mortgage lending.[4]
As a consequence of being designated in 2015 as a Significant Institution under the criteria of European Banking Supervision, it is directly supervised by the European Central Bank.[5]
MeDirect Bank (Malta) plc has a subsidiary bank in Belgium which since 2015 is licensed and operates a direct bank known as MeDirect Bank S.A. that provides online investment opportunities and other saving products to retail investors.[6]
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History
[edit]MeDirect Bank (Malta) plc started off as Mediterranean Bank in June 2004, becoming a fully licensed Maltese credit institution a year later.[7] Its headquarters and sole offices at that time were in Valletta. In July 2009, the bank was acquired and recapitalised by AnaCap Financial Partners LLP, a UK private equity firm.[8]
In 2010, Mediterranean Bank acquired a majority stake in Charts.[9]
The bank grew in Malta, creating branches in Sliema and Gozo, and acquiring Volksbank Malta Limited in 2014.[10]
In 2014, MeDirect became Malta's third largest bank.[11]
In 2021, MeDirect launched its home loans service in Malta.[12]
In 2023, MeDirect Bank Malta launched its card services and hence entered the daily banking market. [13]
As at 31 December 2024, the Group had a total of more than 155,000 customers who hold more than €5.9 billion in assets.[14]
On 29 August 2025, MeDirect Bank (Malta) plc announced that it had been notified that the European Central Bank has informed Banka Creditas that it will not object to the purchase by Banka Creditas of all shares of MDB Group Limited, MeDirect Bank (Malta) plc's parent company.[15]
See also
[edit]
References
[edit]- ^ "MDB Group annual report and financial statements" (PDF). medirect.com.mt/.
- ^ "MeDirect branch operations". MeDirect. Retrieved 2023-05-04.
- ^ "MeDirect acquisition by Banka CREDITAS officially completed". WhosWho.mt. Retrieved 2025-10-02.
- ^ "Company Announcement" (PDF). borzamalta.com.mt/.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ^ "Mediterranean Bank opens new bank in Belgium". MeDirect. 2015-06-16. Retrieved 2026-02-08.
- ^ "Five years in Malta – the Medbank experience - The Malta Independent". www.independent.com.mt. Retrieved 2019-06-26.
- ^ "MEDIRECT BANK (MALTA) PLC (Malta) - Bank Profile, formerly Mediterranean Bank plc - Bank Profile". thebanks.eu. Retrieved 2019-06-26.
- ^ "Mediterranean Bank plc acquires majority shareholding in stockbroking firm". Times of Malta. 6 August 2010. Retrieved 2019-06-26.
- ^ "Mediterranean Bank completes €35 million Volksbank Malta acquisition". MaltaToday.com.mt. Retrieved 2019-06-26.
- ^ "Mediterranean Bank Group is now Malta's third largest bank with equity of €170 million". Times of Malta. 28 October 2014. Retrieved 2019-06-26.
- ^ "MeDirect Bank launches home loans in the Maltese market - The Malta Independent". www.independent.com.mt. Retrieved 2023-08-18.
- ^ Grima, Mariam (2023-07-26). "Seven Reasons You Should Apply For This Ultimate Debit Card Experience!". Lovin Malta. Retrieved 2023-08-18.
- ^ "MeDirect Bank - About us page". medirect.com.mt. 2024-12-31. Retrieved 2024-12-31.
- ^ "Investor Relations and Financial Results". MeDirect. Retrieved 2025-09-01.