Lombard Bank Malta Plc is Malta's third-largest bank. It is no longer associated with Lombard North Central Plc in the United Kingdom.
Chronology
- 1958: National Provincial Bank Ltd. (now National Westminster Bank Plc) acquires North Central Finance Ltd. (now Lombard North Central Plc).
- 1969: Lombard North Central establishes Lombard Bank (Malta) Ltd. (now Lombard Bank Malta Plc).
- 1975: The Maltese government purchases 25% of Lombard Bank Malta.
- 1981: The Maltese government purchases 35% of Lombard Bank Malta.
- 1988: NatWest, unable to find a buyer, sells its remaining shares to the government.
- 1990: Lombard Bank Malta issues new shares and the government sells some of its shares.
- 1994: Lombard Bank Malta lists on the Malta stock exchange. The government sells 21% of the shares (Lombard North Central’s remaining stake) to Malaysian entrepreneur Robert Tan Hua Choon.
- 1998: CCF Holdings (Suisse) acquires Tan’s 21%.
- 2000: HSBC Holdings acquires Credit Commercial de France and with it the stake in Lombard Malta.
- 2002: HSBC sells its shares in Lombard Bank Malta to Swiss-based Banca Unione di Credito, which now owns 26%.
- 2006: Lombard Bank Malta acquired Transend Worldwide's 35 per cent shareholding in Maltapost Plc. Transend Worldwide, a New Zealand company, was instrumental in restructuring Maltapost over the past four years.
- 2006: Banca della Svizzera Italiana acquired Banca Unione di Credito.
Source
- Consiglio, John A. A history of banking in Malta, 1506-2005 Progress Press, Valletta, 2006
