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 in Valletta. However, the local MedBank team was soon joined by a team of analysts 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. 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.
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 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.
Whilst continuing to grow locally with the acquisition of Volksbank Malta Limited in September 2014, 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.
MeDirect is currently Malta’s third largest bank, directly supervised by the
European Central Bank and by the Malta Financial Services Authority.