Lombard Bank

Branches

• Valletta - 67, Republic Street;
• Sliema - 225, Tower Road;
• St. Julian's - Paceville Avenue;
• Qormi - San Bastjan - 82 St Sebastian Street;
• Qormi - San Gorg - 4 Main Street;
• Balzan - Balzan Valley;
• Victoria - Gozo - Ninu Cremona Street.

Chronology

• 1958: National Provincial Bank Ltd. acquires North Central Finance Ltd..
• 1969: Lombard North Central established Lombard Bank,.
• 1975: The Maltese government purchases 25% of Lombard Bank Malta.
• 1981: The Maltese government purchases 35% of Lombard Bank Malta.
• 1988: NatWest, unable to find a buyer, sold its remaining shares to the government.
• 1990: In April 1990 the Bank became a Public Limited Company and offered equity to the public. The issue was five times oversubscribed and the government subsequently totally divested its shareholding.
• 1994: Lombard Bank Malta listed on the Malta stock exchange. The Government sold 21% of the shares to Malaysian entrepreneur Robert Tan Hua Choon.
• 1998: CCF Holdings acquired Tan’s 21%.
• 2000: HSBC Holdings acquires Credit Commercial de France and with it the stake in Lombard Malta.
• 2002: HSBC sells its shares in Lombard Bank Malta to Swiss-based Banca Unione di Credito, which now owns 26%.
• 2006: Lombard Bank Malta acquired Transend Worldwide's 35 per cent shareholding in Maltapost Plc. Transend Worldwide, a New Zealand company, was instrumental in restructuring Maltapost over the past four years.
• 2006: Banca della Svizzera Italiana acquired Banca Unione di Credito.
• 2007: Cyprus Popular Bank acquired 43% of the share capital from BSI and other international investors for €48 million.
• 2018: The Government of Malta through the National Development and Social Fund acquires 49.1% of the issued share capital from Cyprus Popular Bank.

  Citations and references

• Consiglio, John A. A history of banking in Malta, 1506-2005 Progress Press, Valletta, 2006