Malta’s capital city is Valletta, the country’s biggest, where Sparkasse Bank Malta operates. This bank, licensed to operate as an investment firm, provides services for collective investment schemes (CISs). It also offers depository services to Irish-registered funds, as well as Austrian-regulated funds. As a member of the Banking Association of Malta, Sparkasse Bank has a branch in Dublin, which is part of the country’s financial system.
Sparkasse Bank Malta is a private limited liability company headquartered in Sliema, Malta. This company is licensed to offer a variety of financial services, including Private Banking. Its primary function is to act as a custodian and trustee for collective investment schemes. The bank’s services are provided in two categories: Category 4a and Category 2 licenses. Its registered office is in Sliema and it has 73 employees.
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The deposit initiation process for clients begins with the system of a TPP. After the customer’s consent is obtained, the system will redirect them to a special page within Sparkasse Bank Malta’s online banking system. This page contains details of the customer’s account and TPP. It may be necessary to provide a Spar Key to view this information. It is essential to have a Spar Key to make payments at Sparkasse Bank Malta.
The company’s operations in Malta are spread across four segments. Its subsidiary, Sparkasse Bank Malta plc, operates in St. Julians. It employs 350 people. Its AI platform, Innova, automates customer reporting and asset reconciliation. Its branches in Dublin, Ireland, and Austria are part of the broader Sparkasse network. The brand is part of the Erste financial group. This company is an affiliate of a Luxembourg-based private bank.