Malta’s first specialist corporate bank, Mediterranean Corporate Bank, was today officially inaugurated in Sliema by Finance Minister Edward Scicluna.

“The creation of Mediterranean Corporate Bank represents another important milestone in the development of Mediterranean Bank Group. Over the last five years we have extended our client offerings and broadened our market penetration through a highly focused approach that has differentiated us locally.

"With the opening of MedCorp Bank, we can provide specialist and tailored financing to the local corporate market underpinned by our broad international experience,” Mediterranean Bank’s CEO Mark Watson said.

Prof. Scicluna said that a sound banking sector is paramount for Malta’s economic success, and that Malta could pride itself on having a sound and stable banking system that emerged unscathed from the post-2008 crisis.

The government, he said, was committed to strengthening the industry and intended to introduce legislative regulations which would support continual growth.

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