Merkanti Bank has announced that it will voluntarily relinquish its Maltese banking licence and fully refund all customer deposits. In a company update issued on Tuesday, the bank said it intends to convert into a non-regulated entity “to streamline its consolidated cost structure and improve profitability going forward.” The bank emphasised that this step remains […]

AROM Holdings Limited – owned by the Archdiocese of Malta – and the Diocese of Gozo are set to have their stakes in APS reduced as the bank unveils plans to raise around €45 million in fresh equity through a Rights Issue. At present, AROM Holdings Limited and the Diocese of Gozo hold 54.67 per […]

The European Central Bank has approved Czech-based Banka CREDITAS’s purchase of all shares in MeDirect, a subsidiary of MDB Group. This approval follows a share purchase agreement reached in November 2024 between Banka CREDITAS and Medifin Finance Limited, MDB Group’s direct shareholder. Banka CREDITAS has confirmed it expects to finalise the deal in the coming […]

CrediaBank is expected to conclude its acquisition of HSBC Malta by Friday, 5 September, following the successful agreement of key terms with HSBC Holdings last month. The bank entered exclusive negotiations in mid-August after emerging as the preferred bidder. According to majority shareholder Alexandro Exarchou, the final stage of due diligence is underway and should […]

Valletta-based real estate developer VBL Group has announced the distribution of a final net dividend of €220,000, equivalent to €0.0008829 per ordinary share, as disclosed in its half-yearly financial statements. The Group delivered a solid financial performance during the reporting period, generating revenues of €2.13 million, marking a 25% increase over the €1.7 millionreported in […]

BMIT Technologies plc is set to hold an Extraordinary General Meeting (EGM) to seek shareholder approval for a significant strategic investment: the proposed acquisition of a49% equity stake in Malta Properties Company plc (MPC). This development follows the signing of a Share Purchase Agreement between BMIT Technologies and Emirates International Telecommunications (Malta) Limited (EITML), a […]