Multitude Bank

Multitude Bank is not a high street bank with counters and cashiers. It is a licensed digital bank that runs from an office on The Strand in Gżira, serving savers, lenders and payment businesses across Europe from Malta. For a UK reader, the bank is most relevant as a place to understand how Malta's EU banking licence is used by modern financial firms.

Multitude Bank p.l.c. is a subsidiary of Multitude AG and is the backbone of the wider Multitude growth platform, which offers its services through several brands. It sits in our directory of banks in Malta, and this page explains in plain English what it does and who can use it.

Savings and fixed-term deposits

Individuals can open savings and fixed-term deposit accounts that pay interest, with deposits covered by the Maltese Depositor Compensation Scheme. The bank offers flexible access on savings or the option to lock a rate on a fixed term. Its deposit products are marketed in Finland, Germany, Malta, Spain and Sweden.

The bank emphasises transparent terms and no hidden fees. Savers do the whole process online or on a mobile device, and personal loans can in many cases be approved within minutes. Because Multitude's authorisation runs through the European Passport for credit institutions, the list of countries it may serve is fixed, and the United Kingdom is not among the states named, so UK residents should ask before assuming a product is open to them.

Corporate financing

The bank's corporate arm provides secured debt, privately placed bonds, loans and real estate finance. It targets fintech lenders and residential or commercial property developers, and it offers customised facilities with flexible repayment terms, drawdown in one or several tranches, early call options and refinancing. Two examples are a €14 million securitisation supporting more than 500 European agricultural businesses and an €8 million bond for an Estonian fintech.

Eligibility is specific. Applicants should be seeking a loan above €5 million, have operated for more than two years with a profitable business model and offer unencumbered collateral located in the European Union. Loan to value can reach 85 per cent for lending and 50 to 75 per cent for real estate. Companies weighing up a Maltese base can read our corporate tax structure guide and speak to advisers such as CLA Malta or AE Business Advisors.

Payments for regulated institutions

The payments service is aimed at fintechs and other regulated firms rather than the public. It supports payments in Swedish krona, Czech koruna and euro, with instant schemes RIX-INST, CERTIS Instant and SEPA Instant, and direct participation in RIX, Bankgirot and CERTIS. Customers can open operational accounts, safeguarding accounts that keep client money separate and virtual accounts issued to each of their own clients.

Access is through a single API integration or an online banking portal. These services depend on the strength of the Maltese financial sector, which our overview of financial services in Malta describes, and on corporate support from firms such as Apex Group (Malta).

Regulation, leadership and contact

Multitude Bank p.l.c. is registered in Malta with number C56251 and licensed by the Malta Financial Services Authority as a credit institution under the Banking Act. Its passport lets it provide services across a list of EEA countries including Germany, Spain, Sweden and Ireland. The chairman is Carmel Borg and the chief executive is Antti Kumpulainen.

People moving from the UK who need everyday banking may prefer a high street name such as APS Bank Birkirkara, and our Malta tax guide for UK nationals covers the tax side. To contact Multitude Bank, use the VisitMalta.co.uk enquiry form on this page and we will pass your message to the bank.