Malta’s international banking centre has gained considerable ground in establishing itself as a finance hub in the Mediterranean region. Over recent years the sector has transformed itself from one having four retail banks serving the local population, to a reputable international banking centre. This influx, which includes several leading banking groups, has added dynamism to Malta’s thriving financial services industry.

The World Economic Forum rated the island’s banking system as the 10th soundest in its 2014-2015 Global Competitiveness Index. Institutions such as the International Monetary Fund, the European Commission and international credit rating agencies confirmed the sector’s robustness and resilience.

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