Based in St. Julians, Malta, Sparkasse Bank is a full-service financial institution offering private banking, investment services, and custodial/depository services. The company is a member of the Erste financial group and has 711 bank branches in Central Europe and over two million customers. The bank has been in business since 1888 but is the largest privately-owned institution in the country. The company has recently made several investments in technology, including artificial intelligence (AI) -powered systems.
HSBC Malta is a large international bank. Depending on the size of your deposit, you can select from a variety of accounts, including a free-internet banking account with no minimum balance and no monthly fees. On the other hand, Sparkasse Bank Malta, part of an international group based in Germany, is a locally-owned and operated institution. Its services include private banking, investment services, and custody.
The bank participates directly in the SEPA, TARGET, and SWIFT payment networks. The bank provides accounts and transactions in a wide range of investments, as well as cheap foreign exchange rates across all currency pairings. The Online Banking Platform also supports bulk payments.
Sparkasse Bank Malta plc is a member of the Austrian Banking network. It is part of the Austrian Savings Bank Group. Its flagship company, Sparkasse Brand, is one of the leading banks in central Europe, with 711 branches and more than two million customers. The company also has a presence in Ireland and Austria and is licensed to provide depository services for registered funds in both countries. The firm aims to become a recognized European financial institution.