Payment Systems

International Bank Account Number (IBAN)

The IBAN is a defined standard for bank account numbers that uniquely identify a customer's bank account held at a bank anywhere in the world. IBAN account numbers can only be generated by banks for their customers. Since January 2004, the local credit institutions and the Central Bank of Malta have shown the IBAN and SWIFT's Bank Identifier Code (BIC) on their clients' statements.

The Maltese IBAN is made up of 31 alphanumeric characters, as follows:

  • the first two alphanumeric characters identify the country in which the account is held, in this case Malta (MT);
  • the next two digits are the check digits, which validate the complete IBAN;
  • the next four characters are the first part of the issuing bank's SWIFT identifier code (BIC);
  • the next five digits are the issuing bank's local sort code;
  • the remaining 18 characters are the domestic account number, with preceding zeroes whenever required.

Example of a Maltese IBAN:

Country Code

Check Digits

SWIFT Code

Sort Code

Account Number

MT

71

MALT

01100

0012345MTLCAST001S

The check digit is computed as explained in the EPC document.

The IBAN validator code helps banks and their customers check and validate IBANs. This electronic algorithm can be used freely by banks and can be incorporated in their systems to facilitate validation of IBANs. The Central Bank of Malta does not assume any liability, expressed or implied, in the use of this code.

The following table can be used for the derivation of BIC from IBAN:

BIC Found in IBAN (4 Characters)

Full BIC (8 Characters)

Financial Institution Name

AGRK AGRKMTMT AgriBank plc.
AKBK AKBKMTMT Akbank T.A.S.

APSB

APSBMTMT

APS Bank ltd.

BNIF

BNIFMTMT

Banif Bank plc.

VALL

VALLMTMT

Bank of Valletta plc.

MALT

MALTMTMT

Central Bank of Malta

CRXB CRXBMTMT Credorax Bank ltd.
ECMB ECMBMTMT ECCM Bank plc.
EMON EMONMTM2 Emoney plc.
FBHL FBHLMTMT Credit Europe Bank N.V.

FCMF

FCMFMTMT

FCM Bank ltd.

FEMA FEMAMTMT Ferratum Bank ltd.

FIMB

FIMBMTM3

Fimbank Plc.

MMEB

MMEBMTMT

HSBC Bank Malta plc.

IIGB

IIGBMTMT

IIG Bank ltd.

IZOL

IZOLMTMT

Izola Bank ltd.

LBMA

LBMAMTMT

Lombard Bank Malta plc.

MBWM MBWMMTMT Mediterranean Bank plc.

MFCB

MFCBMTMS

MFC Merchant Bank ltd.

MCPI

MCPIMTMT

MoneyPlus Card Payment Institution ltd.

FNNB FNNBMTMT NBG Bank Malta ltd.

VOCB

VOCBMTMT

Novum Bank ltd.

PYMX PYMXMTMT PayMix ltd.

PLTS

PLTSMTMT

Pilatus Bank ltd.

STBA STBAMTMT SATA Bank plc.

SBMT

SBMTMTMT

Sparkasse Bank Malta plc.

TGBA TGBAMTMT Turkiye Garanti Bankasi AS

COPX

COPXMTMT

W and J Coppini and Co.

YAPI YAPIMTMT Yapi Kredi Bank Malta ltd.

BIC from IBAN derivation table
(13kb - Last updated Thursday, August 17, 2017 07:54) (updated at the beginning of each month)


List of the BICs and sort codes of Maltese Financial Institutions 
(21kb - Last updated Thursday, August 17, 2017 07:56)