MeDirect has come a long way since it was established as Mediterranean Bank in June 2004, becoming a fully licensed Maltese credit institution a year later.
When AnaCap Financial Partners LLP, a UK private equity firm, acquired and recapitalised Mediterranean Bank in July 2009, the Bank was operating solely from
its headquarters located at 10, St Barbara Bastions, Valletta. However, the local MedBank team was soon joined by a team of analysts and researchers based at the
Bank’s new offices in central London and embarked on implementing a strategy that would see the Bank growing rapidly both in Malta and abroad.
In 2010 Mediterranean Bank acquired a majority stake in Charts Investment Management Service Limited, a Maltese stockbroking, wealth management and corporate
advisory firm, completing its takeover in 2015.
The synergies between the two companies enabled the Bank to broaden its product offering and increase its client base.
In the interim, the Bank was working steadily to build a strong reputation as Malta’s leading savings and wealth management bank, opening branches in Sliema,
Paola, Mosta, Qormi and Gozo between September 2010 and August 2012. Its signature products of high interest savings accounts, including innovative products
such as the NOW Account, proved to be the right products at the right time and enhanced the Bank’s popularity with the local community. The
Me3 Account, a savings account with 3-month withdrawal notice, was launched in 2013.
It has proven to be so popular that in 2016 the Bank launched the
Me12 Savings Account which has a 12-month withdrawal notice.
Manoel Theatre’s main benefactor in 2011.
MeDirect is also a proud sponsors of the Otters Water Polo Club/Aquatic Club in Gozo, the Malta Philharmonic Orchestra,
the Ladybird Foundation and the National Blood Transfusion Centre, amongst others.
MeDirect has always been passionate about supporting the Maltese community and has assisted a number of community projects over the years.
Its partnership with the Malta Rugby Football Union dates back to 2010, whilst it became the
Seeking to offer customers direct control over their savings and investments, the Bank launched its eWealth Platform in 2013 enabling users to trade
equities, bonds, ETFs and mutual funds at the lowest price on the local market. A year later this innovation was followed by the introduction of
which contain a mix of investment funds selected by the Bank’s investments team together with renowned research company
The purchase of Volksbank Malta in September 2014 coincided with the Bank’s strategy of extending its lending portfolio to the Maltese corporate sector,
and integrated the existing business services offering (liquidity management accounts, foreign exchange and investment services).
Whilst continuing to grow locally, MeDirect also set its sights on expanding abroad and launched its Belgian business as an online bank offering savings,
investments and wealth management services. MeDirect SA/NV became a fully licenced Belgian bank in 2015.
November 2017 marked a new chapter in the Bank’s story. As part of a strategy to strengthen brand recognition, and in line with the Bank’s vision of giving
customers direct control over their wealth, Mediterranean Bank became MeDirect. Simultaneously having outgrown the Valletta headquarters, the support and
administrative functions were consolidated within new offices located at The Centre, Tigné Point, Sliema. The new premises also house the Sliema Branch,
Charts and the Corporate Banking Team.
MeDirect is currently Malta’s third largest bank, directly supervised by the
European Central Bank and by the Malta Financial Services Authority.