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

APSB

APSBMTMT

APS Bank Ltd.

BNIF

BNIFMTMT

Banif Bank (Malta) Plc.

VALL

VALLMTMT

Bank of Valletta Plc.

MALT

MALTMTMT

Central Bank of Malta

FCMF

FCMFMTMT

FCM Bank Ltd.

FIMB

FIMBMTM3

Fimbank Plc.

MMEB

MMEBMTMT

HSBC Bank Malta Plc.

IIGB

IIGBMTMT

IIG Bank (Malta) Ltd.

IZOL

IZOLMTMT

Izola Bank Ltd.

LBMA

LBMAMTMT

Lombard Bank Malta Plc.

MFCB

MFCBMTMS

MFC Merchant Bank Ltd.

MBWM

MBWMMTMT

Mediterranean Bank Plc.

VBMA

VBMAMTM3

Mediterranean Corporate Bank Ltd.

NMEA

NMEAMTMT

Nemea Bank

VOCB

VOCBMTMT

Novum Bank Ltd.

PLTS

PLTSMTMT

Pilatus Bank Ltd.

SBMT

SBMTMTMT

Sparkasse Bank Malta Plc.

COPX

COPXMTMT

W and J Coppini and Co.


BIC from IBAN derivation table
(28kb - Last updated Thursday, September 1, 2016) (updated at the beginning of each month)


List of the BICs and sort codes of Maltese Financial Institutions 
(20kb - Last updated Thursday, December 29, 2016)