Payments

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. IBANs 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.
ANFV ANFVMTMM Andaria Financial Services ltd.

APSB

APSBMTMT

APS Bank ltd.

VALL

VALLMTMT

Bank of Valletta plc.

BNIF

BNIFMTMT

BNF Bank plc.

MALT

MALTMTMT

Central Bank of Malta

FBHL FBHLMTMT Credit Europe Bank N.V.
CRXB CRXBMTMT Credorax Bank ltd.
ECMB ECMBMTMT ECCM Bank plc.
EMON EMONMTM2 Emoney plc.
EMSY EMSYMTM1 EMP Systems ltd.

FCMF

FCMFMTMT

FCM Bank ltd.

FEMA FEMAMTMT Multitude Bank p.l.c.
FEMA FEMAMTMA Multitude Bank p.l.c.
FFSM FFSMMTM1 Fexserv Financial Services ltd.

FIMB

FIMBMTM3

Fimbank Plc.

PAUU PAUUMTM1 FINXP ltd.
PYMX PYMXMTMTXXX Finance Incorporated ltd.
PYMX PYMXMTMTMAL Finance Incorporated ltd.
FIND FINDMTMT Finductive ltd.

MMEB

MMEBMTMT

HSBC Bank Malta plc.

IIGB

IIGBMTMT

IIG Bank ltd.

IZOL

IZOLMTMT

Izola Bank ltd.

LBMA

LBMAMTMT

Lombard Bank Malta plc.

MBWM MBWMMTMT MeDirect Bank (Malta) plc.

MFCB

MFCBMTMS

Merkanti Bank Limited

CCUH CCUHMTMT Moneybase ltd.
CCUH CCUHMTMTMBB Moneybase ltd.

MCPI

MCPIMTM1

MoneyPlus Card Payment Institution ltd.

MTCC MTCCMTMT MTACC ltd.
FNNB FNNBMTMT NBG Bank Malta ltd.

VOCB

VOCBMTMT

Novum Bank ltd.

CFTE CFTEMTM1 OpenPayd Financial Services Malta ltd.
PAPY PAPYMTMT Papaya ltd.
PHPY PHPYMTM1 Phoenix Payments Ltd.

SBMT

SBMTMTMT

Sparkasse Bank Malta plc.

TPML TPMLMTMT Transact Payments Malta Ltd.
TRPE TRPEMTM1 Truevo Payments Ltd.
TRPE TRPEMTMT Truevo Payments Ltd.
APAY APAYMTMT Trust Payments (Malta) Ltd.
TGBA TGBAMTMT Turkiye Garanti Bankasi AS
UNOG UNOGMTM1 UnionGoldenPay Ltd.
VPAY VPAYMTM2 Viva Payment Services S.A.

COPX

COPXMTMT

W and J Coppini and Co.

TGBP TGBPMTMT Western Union Business Solutions Malta Ltd.
YAPI YAPIMTMT Yapi Kredi Bank Malta ltd.

BIC from IBAN derivation table
(0kb - Last updated )

List of the BICs and sort codes of Maltese Financial Institutions
(0kb - Last updated )