Question 1

What is Lombard Bank Malta?

Accepted Answer

Lombard Bank Malta is one of Malta's four major banking institutions, providing comprehensive retail and commercial banking services. Listed on the Malta Stock Exchange, the bank is partially owned by the Maltese government (49.1% through the National Development and Social Fund) with the remaining shares held by over 1,200 private shareholders and investment funds. The bank also holds a 71.5% stake in MaltaPost plc, Malta's national postal operator.

Question 2

When was Lombard Bank Malta founded?

Accepted Answer

Lombard Bank Malta's origins trace back to 1955 when Lombard North Central of the United Kingdom began accepting deposits in Malta through local agents. In 1969, the company formally registered Lombard Bank (Malta) Limited as a wholly-owned subsidiary of Lombard North Central plc.

The bank's ownership evolved significantly over subsequent decades. The Maltese government acquired stakes in 1975 (25%) and 1981 (35%), eventually taking full control in 1988. In 1990, the bank became a public limited company, and in 1994, it listed on the Malta Stock Exchange, marking its transformation into a publicly-traded institution.

Question 3

Where is Lombard Bank Malta headquartered?

Accepted Answer

Lombard Bank Malta is headquartered in Valletta, Malta, at the historic Spinola Palace located at 67 Republic Street in Malta's capital city.

Question 4

Where does Lombard Bank Malta operate?

Accepted Answer

Lombard Bank Malta operates throughout Malta and Gozo through a network of seven branches strategically located across the islands:

Valletta (head office at 67 Republic Street), Sliema (225 Tower Road), St. Julian's (Paceville Avenue), Qormi (two locations: San Bastjan at 82 St Sebastian Street and San Gorg at 4 Main Street), Balzan (Balzan Valley), and Victoria, Gozo (Ninu Cremona Street).

Each branch (except Qormi San Gorg) features 24-hour Lombard CashPoint ATMs, with additional offsite ATM locations throughout the Maltese islands.

Question 5

What services does Lombard Bank Malta offer?

Accepted Answer

Lombard Bank Malta provides a comprehensive range of banking services for individuals, businesses, and public entities. Retail banking products include savings and loan accounts, housing finance, car loans, payment solutions, and debit and credit cards.

The bank offers commercial and corporate banking services including business lending, commercial leasing, and trade finance. Wealth management services encompass investment products, pension plans, insurance solutions, and portfolio management.

The bank has developed a strong presence in international business banking, serving international corporate customers with transaction banking services, efficient payment processing, and compliance frameworks for anti-money laundering requirements. Digital services include comprehensive online and mobile banking platforms providing 24/7 account access and transaction capabilities.

Question 6

What makes Lombard Bank Malta unique?

Accepted Answer

Lombard Bank Malta distinguishes itself through its partial government ownership combined with private shareholding, creating a unique ownership structure that balances public interest with commercial objectives. The bank's substantial stake in MaltaPost plc creates an unusual diversification into postal services, providing additional revenue streams beyond traditional banking.

The institution has maintained a conservative, relationship-focused banking approach emphasizing sound asset quality and well-collateralized lending. Over 30 years, the bank has written off loans totaling only approximately €1 million, demonstrating exceptional credit discipline.

With deep roots in the Maltese market and strong capital ratios (16.8% as of 2014), the bank represents stability and local expertise in Malta's financial sector.

Question 7

What type of financial institution is Lombard Bank Malta?

Accepted Answer

Lombard Bank Malta is a credit institution licensed under the Banking Act, 1994, and regulated by the Malta Financial Services Authority (MFSA). The bank holds a Category 2 Investment Services license, enabling it to provide investment services alongside traditional banking.

It operates as an authorized currency dealer and financial intermediary on the Malta Stock Exchange. The bank is a member of the Depositor Compensation Scheme and the Investor Compensation Scheme, protecting customer deposits up to €100,000 per depositor.

As a full-service commercial bank, Lombard Bank Malta represents the category of universal banks in the Maltese system, offering both retail and commercial banking services with investment capabilities.

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About Lombard Bank Malta in Malta