| Formerly | Mediterranean Bank |
|---|---|
| Company type | Public Limited Company |
| Industry | Banking Financial services |
| Founded | 2004 |
| Headquarters | The Centre, Tigné Point, , |
Number of locations | 2 branches |
Area served | Malta |
Key people | Bart Bronselaer (Chairman) Jean-Claude Maher (Chief Executive Officer) |
| Products | Retail Banking Commercial banking Investment Services Wealth Management |
| Brands | MeDirect |
| €14.3 million | |
| Total assets | €5.9 billion (as of December, 2024) [1] |
| Owner | MDB Group Limited |
Number of employees | 365 (as of December,2024) |
| Parent | Banka Creditas |
| Subsidiaries | MeDirect SA/NV |
| Website | www |
MeDirect Bank (Malta) plc (previously known as Mediterranean Bank) is a Maltese bank and financial services company. Headquartered in Sliema, its branches are located in Sliema and Victoria (Gozo). [2]
In September 2025, it was announced that Prague-based Banka Creditas had completed the purchase of MDB Group Limited, the parent company of MeDirect Bank (Malta) plc. [3]
MeDirect is a digital challenger bank, with two main lines of business, retail investing and specialised mortgage lending. In 2023, the bank also launched its web and mobile platform in the Netherlands with a dedicated Dutch language website. [4]
The third largest Maltese banking group in terms of total assets, MeDirect offers a wide range of services to retail and corporate clients, including, savings, investments, wealth management, lending facilities and daily banking services.
As a consequence of being designated in 2015 as a Significant Institution under the criteria of European Banking Supervision, it is directly supervised by the European Central Bank. [5] Its Joint Supervisory Team includes staff of the ECB, the Malta Financial Services Authority and the National Bank of Belgium.
MeDirect Bank (Malta) plc has a subsidiary bank in Belgium where it is licensed and operates a direct bank known as MeDirect SA/NV that provides online investment opportunities and other saving products to retail investors.
MeDirect Bank (Malta) plc started off as Mediterranean Bank in June 2004, becoming a fully licensed Maltese credit institution a year later. [6] Its headquarters and sole offices at that time were in Valletta. In July 2009, the bank was acquired and recapitalised by AnaCap Financial Partners LLP, a UK private equity firm. [7] The bank was extended with new offices in central London, and grew both in Malta and abroad.
In 2010, Mediterranean Bank acquired a majority stake in Charts, [8] a Maltese stockbroking, wealth management and corporate advisory firm, completing its takeover after five years, and then fully incorporating the Charts trading licence in 2018. This enabled MeDirect to offer investment advisory services, as well as corporate broking services to local and international companies.[ citation needed ]
The bank grew in Malta, creating branches in Sliema and Gozo, and acquiring Volksbank Malta Limited in 2014. [9]
In 2014, MeDirect became Malta's third largest bank. [10] Its head office is located at The Centre – Tigne Point, Sliema.[ citation needed ]
In 2021, MeDirect launched its home loans service in Malta, [11] The bank now offers mortgages in Malta, Belgium and the Netherlands with a total portfolio in excess of €2.2 billion.
In 2023, MeDirect Bank Malta launched its card services and hence entered the daily banking market. [12]
As at 31 December 2024, the Group had a total of more than 155,000 customers who hold more than €5.9 billion in assets. [13]
On 29 August 2025, MeDirect Bank (Malta) plc announced that it had been notified that the European Central Bank has informed Banka CREDITAS a.s. that it will not object to the purchase by Banka CREDITAS of all shares of MDB Group Limited, MeDirect Bank (Malta) plc's parent company. [14] The completion of the acquisition was announced on 10 September 2025.
