Best offers of FIMBank from Malta

Security and deposit guarantee

Malta is a member of the European Union and – since 2008 – of the eurozone. Malta is classified as an advanced economy by the International Monetary Fund and as a high income country by the World Bank. The World Economic Forum describes Malta as an innovation-driven economy.

The strengths of the Maltese economy are its strategic location, being situated in the middle of the Mediterranean Sea at a crossroads between Europe, North Africa and the Middle East, its open market economy, multilingual population (88% of Maltese people speak English), and well developed finance and information & communication technology clusters.

In early 2017, Standard & Poor’s credit rating for Malta stood at A- and Moody’s credit rating at A3. Malta’s government debt, at 69.8% of GDP, is lower than the debt of Germany, France, the United Kingdom, and Austria.

Deposits are 100% secured by the Maltese Depositor Compensation Scheme up to an amount of EUR 100,000 per depositor per credit institution. This protection also applies to investors from outside of Malta. For more information on the Deposit Guarantee in Malta, please visit: http://www.compensationschemes.org.mt.

All Member States of the European Economic Area have agreed to improve their protection of savers and therefore to harmonise the minimum requirements for national deposit insurance schemes (Directives 94/19 / EC, 2009/14 / EC and 2014/49 / EU). Among them, the payment modalities, the payout period and other important points are uniformly regulated at a high standard throughout Europe.