Origins: Banif Bank (Malta) plc started operations in Malta in 2008. This was an important milestone for the Banif Financial Group, one of the largest Portuguese financial groups, because, backed by a group of prominent Maltese investors, it undertook the setting up of a fully-fledged bank from its very foundations. Now in its fifth year of operations, Banif has established an effective network of nine branches, spread across the Maltese Islands and has also developed a tailor-made Corporate & Business Banking Unit, a Private Banking arm and a local trading room.
Today, Banif Bank has established itself as the Alternative Maltese Bank. Testament to this is the fact that Banif Bank (Malta) plc was named the Best Banking Group – Malta by World Finance for two consecutive years, in 2010 and 2011. This prestigious award was bestowed on Banif in recognition of the Bank’s financial performance, sound corporate governance and provision of innovative client solutions.
Services: Doubtlessly, the vast portfolio of banking services catering for both personal and business clients contributed towards Banif’s solid successes. These products range from basic deposit accounts to unique banking products that really deliver value-added to clients, including an extensive business line for its corporate and business banking clients. The Bank also offers a comprehensive portfolio of credit facilities, along with efficient direct channel services.
Future Outlook: To enable the Bank to meet increased business demands, Banif Bank intends embarking on a network expansion programme that will see a further six branches added to the current nine. This expansion will be complemented by further investment in its human resource base and IT infrastructure. Banif continues to be very conscious of its corporate social responsibility and shows its commitment towards the local community through its organisation of the President’s Charity Fun Run to raise funds for the Malta Community Chest Fund. Banif also supports the appreciation, restoration and conservation of local fine arts and other worthy causes.
Banif Bank (Malta) plc is certainly leaving its mark and as avowed in its motto – The Power of Believing – it believes that it can meet and exceed expectations by surpassing its goals and consolidating its position as the Alternative Maltese Bank.