Publications & Research

Financial Stability Report

The Financial Stability Report reviews and assesses the macro-financial conditions and developments of the financial system in Malta. It evaluates the resilience of the system and identifies sources of potential systemic risk. It also makes recommendations to preserve and, where necessary, improve the robustness of the financial system. Furthermore, the Report promotes awareness of the workings of the financial system and related financial stability issues. The Financial Stability Report is published on an annual basis with a mid-yearly update. Summary reports for periods prior to 2008 can be found in respective editions of the Bank’s Quarterly Review and Annual Report.

FSR 2025

 Press Release Press Release
 Full Report Full Report
 Executive Summary Executive Summary

 Chapter 1 - Macroprudential Risk Assessment

 Box 1: Monitoring financial stability risks: A heatmap approach

Chapter 1 - Macroprudential Risk Assessment

 Chapter 2 - Developments in the Banking Sector

 Box 2: Insights from the Bank Lending Survey

 Box 3: Systemic risk perceptions of Maltese banks (H1 2026 Survey)

 Box 4: Evolution of banks' sovereign investment holdings

 

Chapter 2 - Developments in the Banking Sector

 Chapter 3 - Stress Tests

 Box 5: Enhancing the credit risk module: From a Z-Factor to a bridge equation approach

 Special Feature: Using T2 to assess payment-system flows relevant for cyber stress testing in Malta

Chapter 3 - Stress Tests

 Chapter 4 - Insurance Companies and Investment Funds

Chapter 4 - Insurance Companies and Investment Funds

 Chapter 5 - Macroprudential Policy Response

Chapter 5 - Macroprudential policy response
 Appendices Appendices