The Maltese finance industry has gone from strength to strength, built on the impressive ability of the locals to manage their savings, plus a well-regulated financial services sector creating healthy competition
The Malta finance industry has been an important part of the Maltese economy. There is a strong propensity to save in Malta, and while the market is buoyant, competition to maintain market share is intense. There are six credit institutions transacting with residents and non-residents - the largest being HSBC Bank Malta, part of the HSBC Group. Bank of Valletta is HSBC's major competitor with Lombard Bank (Malta) and APS Bank making up the top four in this sector. In addition, there are other credit institutions that transact only with non-residents - eight in number - including AKBank ...
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