LOMBARD BANK MALTA P.L.C.

Credit Institutions


Further Details

Credit Institutions Activities:
  • 02 - Payment Services as defined in the Financial Institutions Act
  • 03 - Issuing and administering other means of payment insofar as this activity is not covered by Activity 2
  • 04 - Guarantees and Commitments
  • 05a - Trading for own account or for account of customers in money market instruments
  • 05b - Trading for own account or for account of customers in foreign exchange
  • 06 - Participation in securities issues and the provision of services related to such issues
  • 10 - Safekeeping and administration of securities
  • 11 - Credit reference services
  • 12 - Safe custody services
  • Business of Banking - Business of Banking
Member of the Depositor Compensation Scheme:
Further Information: www.compensationschemes.org.mt
Yes
Legal Entity Identifier (LEI): 529900UIRB65OY6U4B21
Issue Date: 15/11/1994


Penalties/Sanctions


# Penalty Date Infringement Type Amount (€)
1 23/06/2021 The Malta Financial Services Authority ("MFSA") decided to proceed with imposing an administrative penalty of five thousand Euro (5,000) on the Bank. Address: Lombard Bank Malta plc, 67, Republic Street, Valletta, VLT 1117, MALTA Business Activity: Credit Institution in terms of the Banking Act (Chapter 371 of the Laws of Malta). BREACHES The Bank failed to adhere to its obligations in terms of Paragraph 8 of Banking Rule 07/2014 to submit the Auditors' Management Letter within the regulatory deadline. REGULATORY ACTION On 22 June 2021, the Malta Financial Services Authority decided to impose an administrative penalty of five thousand Euro (5,000) on Lombard Bank Malta plc. The Malta Financial Services Authority has taken this decision in terms of the powers granted to it under Article 35A(1) of the Banking Act. PUBLICATION This notice is being published as part of the MFSA's standard enforcement policy and in terms of Article 16(8) of the MFSA Act and Article 35B(1) of the Banking Act. UPDATE ON 28 JULY 2021 The Authority's decision was not appealed before the Financial Services Tribunal within the period established by law. 5000.00



Generated on: 16/10/2021 20:11:25