Tag: Satabank

Government should ensure that Malta’s reputation is restored – PN

"It would have been better if organisations carrying out such suspicious activities were kept away and barred from operating in our jurisdiction," de Marco said, adding that this posed a risk to the country's reputation.

Satabank’s banking licence withdrawn

The European Central Bank has withdrawn the licence of Satabank plc as from Tuesday, on the advice of the Malta Financial Services Authority.

Satabank clients with over €50 contacted for refunds

Satabank clients with more than €50 in their bank accounts were all contacted with details of how to receive their money back. This information...

Satabank starts to release clients’ money

Satabank is contacting company clients in order to return the money which the bank has been holding.The bank said that a significant number of deposits...

“Many Satabank clients still without access to their money” – PN

Opposition spokesperson for financial services Kristy Debono remarked that a number of Satabank clients remain unable to access their money held in accounts at...

Bank Association preparing action plan to assist Satabank clients

The Association of Bank Users and Consumers (ATUSBUF) stated that it was preparing a two-step action plan which was suggested by its legal team...

MFSA says first stage of Satabank asset releases completed

The Maltese Financial Authority, the MFSA, has announced that Satabank has completed the first stage of its asset release to its customers.From Monday 26th...

‘Gov does nothing for innocent clients’ – Busuttil

PN MP Simon Busuttil said that the Government have done nothing to help honest clients who happened to be using Satabank and were left...

Hardship fund for Satabank’s corporate clients announced

The Malta Financial Services Authority (MFSA) announced that the hardship fund for corporate clients of Satabank has been established. In a statement on Friday,...

MFSA says first set of Satabank deposits to be released

Malta’s financial authority, the MFSA and the appointed ‘competent person’ Ernst and Young, have announced that Satabank will begin returning deposits to the first...