MeDirect started off 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. The local team was soon joined by 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 MeDirect acquired a majority stake in Charts, a Maltese stockbroking, wealth management and corporate advisory firm, completing its takeover in 2015, and then fully incorporating the Charts trading license in 2018. This enabled MeDirect to offer superior investment advisory services, as well as corporate broking services to local and international companies.
The Bank continued to steadily build a strong reputation as Malta’s leading savings and wealth management bank, opening branches in Sliema, Paola, Mosta and Gozo and acquiring Volksbank Malta Limited in 2014, to enhance and broaden its corporate lending portfolio to Maltese clients.
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, MeDirect also set its sights on expanding abroad and launched its Belgian business as an online bank offering savings, investments and wealth management services in 2013. MeDirect SA/NV became a fully licenced Belgian bank in 2015.
MeDirect is currently Malta’s third largest bank, directly supervised by the European Central Bank and by the Malta Financial Services Authority. Its new state-of-the-art Head Office is located at The Centre – Tigne Point, Sliema.