Central Bank of Malta - southeusummit.com

The share of non-performing loans extended by Maltese banks compared to the total gross loan value has dropped to its lowest level in years.

Just 2.69 per cent of all loans were non-performing by the end of the fourth quarter of 2022, as compared to over seven per cent in the same quarter of 2015.

The data, released by the Central Bank of Malta in its latest Financial Soundness Indicators, shows that the Maltese banking sector is in a healthy position, with plenty of liquidity and a strong return on equity.

The sector’s exposure to construction also seems to have been significantly reduced. In 2015, over six per cent of all loans were extended to this industry, but by the end of 2022, this had fallen to 2.2 per cent.

On the other hand, exposure to financial and insurance activities has increased more than threefold, from just over eight per cent of all loans in 2015 to just under 30 per cent in Q4 2022.

Households and individuals remain the main sector served by banks, with over 40 per cent of all loans going to this sector.

This data refers to Malta’s core banks, which are Bank of Valletta, APS Bank, HSBC, Lombard Bank, BNF Bank, and MeDirect Bank.


Tax document IRD

Top 5% of taxpayers responsible for one-third of all income tax paid in Malta

March 12, 2024
by Robert Fenech

On the other hand, the bottom third of income earners pay just 1.7% of all income tax generated

The Malta Institute of Accountants prepares for its 2024 Anti-Money Laundering Conference

March 8, 2024
by BN Writer

Held at the Radisson Blu, St Julians, this latest AML Conference promises to bring exclusive insights on new procedures

Eurozone interest rates to remain unchanged

March 7, 2024
by Robert Fenech

The European Central Bank noted that price pressures remain persistent