IIG Bank (Malta) LTD products, services and reviews

About IIG Bank (Malta) LTD

IIG Bank (Malta) Ltd was a Maltese credit institution authorised under the Banking Act and supervised within the EU Single Supervisory Mechanism. The bank’s business model focused on trade finance and other corporate lending, funding a small balance sheet largely with fixed‑term deposits rather than operating a retail payments franchise. It did not provide day‑to‑day banking such as current accounts, cards, or domestic payment services, and had no conventional branch network; where offered, retail products were limited to time deposits with fixed maturities and contractual penalties for early withdrawal. Following supervisory action by the Malta Financial Services Authority and subsequent decision by the European Central Bank, the bank’s authorisation was withdrawn and it ceased taking new business, moving into wind‑down. Eligible deposits fell under Malta’s Depositor Compensation Scheme, which protects up to €100,000 per depositor per bank, with compensation processes handled according to statutory timelines. Financial statements, regulatory directions, and wind‑down or liquidation updates are available through MFSA and ECB public notices and the Maltese business registry. The bank is not onboarding new clients; any remaining customers or creditors should follow the instructions set out in official communications from the appointed officers.