On 30 June, the Malta Financial Services Authority, as the competent authority responsible for the regulation and supervision of credit institutions, in terms of the Banking Act 1994, issued a banking licence to Finansbank (Malta) Ltd. The bank is licensed to carry out the business of banking from Malta and is the fourth Turkish bank to operate from Malta.

The newly-licensed bank is a subsidiary of Finans International Holding NV registered in the Netherlands, which in turn is a wholly-owned subsidiary of Finansbank AS. Finansbank AS is incorporated in Turkey and is in turn supervised by the BRSA.

Finansbank AS was incorporated as a credit institution on 23 September 1987. It provides a range of corporate, investment and retail banking services primarily to medium-sized and large corporate customers in Turkey and abroad.

It also provides a range of investment banking, life and non-life insurance, factoring services and leasing.

With the licence of the subsidiary in Malta, Finansbank now operates in 11 countries: Turkey, Switzerland, Holland, France, Germany, Belgium, Russia, Romania, Ireland, Bahrain and Malta.