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About Us

Welcome to Mediterranean Corporate Bank,

On the 25th September 2014, Mediterranean Bank plc acquired 100% of the share capital of Volksbank Malta Limited, after receiving full regulatory approval.

Mediterranean Corporate Bank is a fully owned subsidiary of Mediterranean Bank PLC and has merged the activities of Volksbank Malta with the existing Corporate Banking services of Mediterranean Bank to form Malta’s newest Bank focused exclusively on Corporates operating in Malta .

Licensed by the Malta Financial Services Authority, Mediterranean Corporate Bank Ltd is the result of the company’s acquisition of Volksbank Malta Ltd in September 2014 and the subsequent integration of all of Mediterranean Bank PLC’s corporate services network.

Meet the team    


Mediterranean Corporate Bank is focused on providing a full range of banking services to Corporate clients in Malta. Drawing on the capital strength of the parent’s balance sheet, MedCorp Bank is committed to providing innovative financing solutions for medium sized and larger enterprises. By entering the local lending market, the bank can provide integrated, custom built solutions from competitively priced straightforward loans to integrated capital market solutions, including bond financing in the local market.Loans can be provided in multiple currencies and can be structured around regular corporate cashflows or specific project or asset based lending.

Our goal is to provide the best financing solution for you by understanding your overall needs so please contact us on +356 2557 4444 or send us an email on for more information or to arrange a meeting.

Our Current Accounts enable companies to manage their ongoing cash flow needs. Customers can use this account to handle their international payments and other commitments.

Incoming funds are credited to this account without any charges levied by the Bank. There are no restrictions on the number and amount of deposits and nether on the withdrawals subject to payment out instructions being received within cut-off timeframes being noon (local time) for same day and 3.00pm (local time) for normal value payments. This account is non-interest bearing and available in the main currencies.

Fixed Term Deposit Accounts which provide our corporate customers with a guaranteed rate of interest for a fixed period of time. This account can be opened for different periods starting from 1 month. We can also open accounts for broken periods to enable our corporate customers to match the term deposit account maturity with any future commitments.

Standard placements are available in EUR, USD, GBP and AUD, however we are able to quote rates for other currencies on enquiry. This type of account is also offered to personal customers, enabling them to benefit from attractive interest rates for their surplus funds.

Savings Accounts are offered in the main currencies and provide customers with instant access to their money whilst still earning interest. These accounts can also be used to receive the interest on your term deposit account on maturity thereby continuing to increase the return on your liquid assets.

Please click here for our interest rates.

For further information please contact us on +356 2557 4444 or send us an email on for more information or to arrange a meeting.

Our specialist FX Solutions team are able to fully assist you in meeting your foreign exchange requirements, be it on a spot or forward basis.

We also offer a Rate Watch service which will give you the capability of locking into a currency at the appropriate time.

We are able to deal in the main currencies and can also offer you accounts denominated in different currencies to enable you to manage your foreign currency holdings better.

We can offer:

  • Competitive exchange rates
  • Fast and efficient processing
  • Longer trading hours

For further information please contact us on +356 2557 4444 or send us an email on for more information or to arrange a meeting.

Our parent company Mediterranean Bank plc offers a fully-fledged internet banking platform which complements our corporate services.

The service offers 24X7 secure access enabling you to view balance and transaction information, manage your cashflow and payments to your local or overseas customers plus enabling you to set up different authority levels. Other system functionalities include a file upload facility and account sweeping arrangements.

Click here for further information.

Whilst we can provide you with the right account to manage your operational needs or get a better return on your liquid assets, we can also handle your local and international payments in a seamless manner.

Payments can be effected on a same day or normal value date basis in the main currencies.

For further information please contact us on +356 2557 4444 or send us an email on for more information or to arrange a meeting.

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Meet the Team

Francis J. Vassallo
Francis J. Vassallo Chairman Mediterranean Bank PLC

Francis occupied various senior positions throughout his career. He was Directeur General of Chase Manhattan Private Bank in Switzerland and later General Manager of Chase Manhattan Bank in Spain. He was also a founding member of the Board of Governors of the Malta Financial Services Authority (MFSA) at the time of the restructuring of this vital sector in Malta. Currently, he assumes the role of President of Francis J. Vassallo & Associates Limited and Chairman of FJV Fiduciary Limited and FJV Management Limited. He is also a member of the Board of Directors of major international SICAVs registered in Malta, namely, the Celsius Fund (owned by Barclays Bank plc) and Altma Fund (owned by NBC). Additionally, a member of the International Tax Planning Association and the Institute of Financial Services Practitioners (IFSP) and the Sovereign Military Order of the Knights of St. John.

Mark Watson
Mark Watson CEO Mediterranean Bank PLC

Mark joined Salomon Brothers in 1985 and completed the New York training programme before returning to London to join the Eurobond desk. In London, he traded a variety of European credit and government bonds. In 1991, Mark joined Salomon Brothers Tokyo with responsibility for overnight trading of European products. In 1993, he returned to London to join the Syndicate Desk and later took responsibility for the European primary credit business. Starting in 1996, Mark was given responsibility for all credit trading in Europe and later also became co-head of European Origination functions. In 2004, he became head of European Fixed Income at Citigroup, and was in charge of all Origination and Markets functions for EMEA. Mark was a member of Citigroup’s European Operating Committee and the Global Fixed Income Management Group. In 2007, he was appointed co-head of Global Credit Markets. He holds a BSc in Business Finance from Cass Business School.

Charles Cini
Charles Cini CEO Mediterranean Corporate Bank

Charles has been heading the Corporate Banking Unit at Mediterranean Bank since August 2010 and is also an Associate of the Institute of Financial Services. He started his career in the early 1980s, working largely in the retail network with Bank of Valletta plc. In 1991 he moved to Lombard Bank Malta plc, where he was involved in Credit and Treasury and five years later took up a senior management role with Midland Bank plc. He also occupied various managerial roles at HSBC Malta, including Senior Corporate Banking Manager, responsible for handling some of the largest credit relationships in Malta as well as Senior International Banking Manager, covering relationships with foreign companies and financial institutions using Malta as a base for their operations.

Ximo Vicent
Ximo Vicent Non-Executive Director Mediterranean Corporate Bank

Prior to Mediterranean Bank, Ximo established and built from scratch UBS London’s integrated European residential real estate and ABS platform, including cash and derivative trading, structuring, whole loan servicing, hedging and asset origination. He was a member of UBS’s European Fixed Income Management Committee. Ximo was also head of European ABS trading at Citigroup London and managed Citigroup’s Spanish securitisation business in Madrid. He holds a BSc in Economics from the Wharton School of the University of Pennsylvania.

Contact Us

Customer Service : +356 2557 4444

Mon-Fri 8am to 5pm

121, The Promenade, Tower Road

Sliema SLM 1605, Malta

The Bank operates under the depositor compensation scheme established under the Laws of Malta