Central Bank of Malta

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Wikipedia

Central Bank of Malta
Bank Ċentrali ta’ Malta
HeadquartersBinja Laparelli, St James’s Counterguard, Valletta
Coordinates35°53′44″N 14°30′35″E / 35.8955568°N 14.509722°E / 35.8955568; 14.509722
Established17 April 1968; 57 years ago (1968-04-17)
Ownership100% state ownership[1]
GovernorAlexander Demarco
Central bank ofMalta
Reserves400 million USD[1]
Websitewww.centralbankmalta.org
The Central Bank of Malta still exists, but many functions have been taken over by the ECB.

The Central Bank of Malta (Maltese: Bank Ċentrali ta’ Malta) is the national central bank for Malta within the Eurosystem. It was the Maltese central bank from 1968 to 2007, issuing the Maltese lira.

The Central Bank of Malta Act was originally published by means of Act XXXI of 1967, succeeded the Board of Commissioners of Currency of Malta which had been in operation since 1940. It has been amended a number of times, most recently by Acts I and IV of 2007 in order to provide for the bank's membership within the Eurosystem.[2]

The Central Bank of Malta is not itself a financial supervisory authority but participates in European banking supervision as a member of the Supervisory Board of the European Central Bank, alongside the Malta Financial Services Authority.[3] It is also a member of the European Systemic Risk Board (ESRB).[4]

Building

The Central Bank of Malta is located in an early 20th-century building. Completed in 1924 as the Vernon Institute, or Vernon Club. The bank occupied the building since 1967, but made arrangement for the lease of the premises in 1968, with a contract lasting almost hundred years. The interior was eventually demolished in 1968, keeping the façade, to be redeveloped and housing the present Central Bank of Malta. In 2004, the building was bought from the Government of Malta by the bank.[5]

Governors

Governors of the Central Bank of Malta since 1968.[6]

See also

References

  1. 1 2 Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ↑ "CENTRAL BANK OF MALTA ACT". www.justiceservices.gov.mt. Retrieved 21 September 2019.
  3. ↑ "Supervisory Board". European Central Bank. Retrieved 21 November 2025.
  4. ↑ "List of ESRB Members and National Macroprudential Authorities". European Systemic Risk Board. 21 November 2025.
  5. ↑ "History of premises - Central Bank of Malta". www.centralbankmalta.org. Retrieved 21 September 2019.
  6. ↑ "Governors past and present - Central Bank of Malta". www.centralbankmalta.org.

Further reading