Lombard Bank
Encyclopedia
Lombard Bank Malta Plc is one of Malta
's major banks, together with Bank of Valletta
, HSBC Bank Malta
and APS Bank. Today, Marfin Popular Bank
of Cyprus
is the largest shareholder with an equity stake of about 49%. Over 1,200 shareholders, including investment funds, hold the remaining shares. The Bank has a 60% stake in Maltapost plc., the Maltese postal service.
A 24-Hour Lombard Cashpoint ATM
is located in every branch except the Qormi San Gorg one. Furthermore, one may use the CashPoint ATM debit card on all HSBC Quickcash ATMs in Malta and Gozo.
) of the United Kingdom
started taking deposits in Malta through a number of agents.
Malta
Malta , officially known as the Republic of Malta , is a Southern European country consisting of an archipelago situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya, with Gibraltar to the west and Alexandria to the east.Malta covers just over in...
's major banks, together with Bank of Valletta
Bank of Valletta
Bank of Valletta is Malta's longest established financial services provider and one of its largest. Domestic operations include a national network of 45 branches, 6 regional business centres, corporate centre, and a wealth management arm...
, HSBC Bank Malta
HSBC Bank Malta
HSBC Bank Malta plc is the largest bank in Malta and a subsidiary of HSBC. It is the former Mid-Med Bank and the second-oldest bank in Malta. HSBC's Malta headquarters are at 116 Archbishop Street, Valletta...
and APS Bank. Today, Marfin Popular Bank
Marfin Popular Bank
Marfin Popular Bank is the second largest banking group in Cyprus behind the Bank of Cyprus. Trading on the island as Laiki Bank , it currently holds a 15% share of the market in loans and a 19% share of deposits. Its shares are listed on the Cyprus Stock Exchange and the Athens Stock Exchange...
of Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
is the largest shareholder with an equity stake of about 49%. Over 1,200 shareholders, including investment funds, hold the remaining shares. The Bank has a 60% stake in Maltapost plc., the Maltese postal service.
Personal Banking
- Cards, including MasterCardMasterCardMastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
Classic and Gold credit cards, American ExpressAmerican ExpressAmerican Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
Classic and Gold cards and Lombard CashPoint debit card - Current Account
- Direct Debits
- Home Loans
- Personal Loan
- Personal Overdraft
- Safe Deposit Lockers
- Savings Accounts
- Standing Orders
- Term Deposits
Business Banking
- Business Loans
- Business Overdrafts
- Cards
- Current Accounts
- Documentary Collections
- Documentary Credits
- Guarantees
- Payment Services
- Savings Accounts
- Standing Orders
- Term Deposits
International Banking
- Foreign Currency Accounts
- Foreign Currency Loans
- Foreign Exchange
- Making International Payments
- Receiving International Payments
- Investments
Branches
The Bank operates a network of 7 branches in Malta and Gozo with its Head Office at 67 Republic Street, Valletta. These branches are located in:- VallettaVallettaValletta is the capital of Malta, colloquially known as Il-Belt in Maltese. It is located in the central-eastern portion of the island of Malta, and the historical city has a population of 6,098. The name "Valletta" is traditionally reserved for the historic walled citadel that serves as Malta's...
- 67 Republic Street; - SliemaSliemaTas-Sliema is a city located on the northeast coast of Malta. It is a centre for shopping, restaurants and café life. Tas-Sliema is also a major commercial and residential area and houses several of Malta's most modern hotels. Tas-Sliema, which means 'peace, comfort', was once a quiet fishing...
- Graham Street; - St. Julian'sSt. Julian'sSt Julian's is a town in Malta situated along the coast, north of the country's capital, Valletta. It is known for tourism-oriented businesses, such as hotels, restaurants and nightclubs, centred mostly in an area known as Paceville.-General:...
- PacevillePacevilleLocated west of St. Julian's, Malta, Paceville is the name given to an informal district heavily populated with nightclubs, bars, pubs and restaurants, and is a very important nightlife hub on the island. Paceville is located between Spinola Point and Dragonara Point, delimiting Spinola Bay and St...
Avenue; - Qormi San Bastjan - 82 St Sebastian Street;
- Qormi San Gorg - 4 Main Street;
- BalzanBalzanĦal Balzan is small village in Malta, one of the so called three villages, together with Attard and Lija.The village originally consisted of a group of small dwellings and farms but eventually grew, becoming a parish in the 17th century...
- Balzan Valley; - Victoria GozoGozoGozo is a small island of the Maltese archipelago in the Mediterranean Sea. The island is part of the Southern European country of Malta; after the island of Malta itself, it is the second-largest island in the archipelago...
- Ninu Cremona Street.
A 24-Hour Lombard Cashpoint ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
is located in every branch except the Qormi San Gorg one. Furthermore, one may use the CashPoint ATM debit card on all HSBC Quickcash ATMs in Malta and Gozo.
Chronology
The bank dates back to 1955 when Lombard North Central (also known as Lombard DirectLombard Direct
Lombard Direct is a British-based finance company that specialise in loans and insurance, founded in 1995. It is one of the largest finance houses in the United Kingdom and is now a member of the Royal Bank of Scotland group....
) of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
started taking deposits in Malta through a number of agents.
- 1958: National Provincial BankNational Provincial BankNational Provincial Bank was a British retail bank which operated in England and Wales from 1833 until its merger into the National Westminster Bank in 1970; it remains a registered company but is dormant...
Ltd. (now National Westminster BankNational Westminster BankNational Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...
Plc) acquires North Central Finance Ltd. (now Lombard North Central Plc). - 1969: Lombard North Central established Lombard Bank (Malta), (now Lombard Bank Malta).
- 1975: The Maltese government purchases 25% of Lombard Bank Malta.
- 1981: The Maltese government purchases 35% of Lombard Bank Malta.
- 1988: NatWest, unable to find a buyer, sold its remaining shares to the government.
- 1990: In April 1990 the Bank became a Public Limited CompanyPublic limited companyA public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
and offered equity to the public. The issue was five times oversubscribed and the government subsequently totally divested its shareholding. - 1994: Lombard Bank Malta listed on the Malta stock exchange. The government sold 21% of the shares (Lombard North Central’s remaining stake) to Malaysian entrepreneur Robert Tan Hua Choon.
- 1998: CCF Holdings (Suisse) acquired Tan’s 21%.
- 2000: HSBC Holdings acquires Credit Commercial de FranceCrédit Commercial de FranceCrédit Commercial de France was a commercial bank in France, headquartered in Paris, avenue des Champs-Élysées. It became a wholly owned subsidiary of HSBC in April 2000, and was renamed HSBC France on 1 November 2005....
and with it the stake in Lombard Malta. - 2002: HSBC sells its shares in Lombard Bank Malta to Swiss-based Banca Unione di CreditoBanca Unione di CreditoBanca Unione di Credito is a full service bank based in Lugano, Switzerland, that specialises in private banking.-History:*1919 - Credito Italiano established Banca Unione di Credito in Switzerland....
, which now owns 26%. - 2006: Lombard Bank Malta acquired Transend Worldwide's 35 per cent shareholding in MaltapostMalta PostMaltaPost p.l.c. is the postal service company in Malta. The public limited company took over the postal services previously carried out by Posta Ltd., and started operating on May 1, 1998.-Postal hubs:...
Plc. Transend Worldwide, a New Zealand company, was instrumental in restructuring Maltapost over the past four years. - 2006: BSIBanca della Svizzera ItalianaBSI is the oldest bank in the Swiss canton of Ticino. Founded in 1873 in Lugano as the Banca della Svizzera Italiana, today BSI is an institution that specialises in asset management and related services for private and institutional clients...
acquired Banca Unione di CreditoBanca Unione di CreditoBanca Unione di Credito is a full service bank based in Lugano, Switzerland, that specialises in private banking.-History:*1919 - Credito Italiano established Banca Unione di Credito in Switzerland....
. - 2007: Marfin Popular Bank acquired 43% of the share capital from BSIBSIBSI is a three letter acronym that can stand for:* Backside illumination, a type of digital image sensor* The Baker Street Irregulars, a fictional group featured in Sherlock Holmes stories* Banca della Svizzera Italiana* Bentley Systems Inc....
, LuganoLuganoLugano is a city of inhabitants in the city proper and a total of over 145,000 people in the agglomeration/city region, in the south of Switzerland, in the Italian-speaking canton of Ticino, which borders Italy...
, and other international investors for €48 million.