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News - Media Releases 2018

15/10/2018

Satabank plc

Reference is made to the public notice issued by the Malta Financial Services Authority (MFSA) on 15 October 2018 with respect to Satabank plc.

Satabank plc (the Bank) is a small international bank with minimal links to the domestic economy.

MFSA's appointment of a Competent Person (in terms of Article 29(1)(b) of the Banking Act) to advise and monitor this Bank's proper conduct of its business demonstrates the strong determination of the competent authorities to protect and uphold good governance in the financial system. 

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