Banif concludes sale transfer agreement

Banif Bank (Malta) plc has announced that the process of selecting a strategic partner to take on the main shareholding position of Banif S.A. has been concluded.

Banif Bank expects that the sale of this majority stake will consolidate and expedite its growth strategy.

“It is Banif’s aim to leverage on these new resources and expertise in order to continue building upon and enhancing the services offered to its stakeholders. The transfer of shares is expected to be completed in the coming months, subject to the required approvals from the relevant authorities.”

Banif Bank has operated as a fully-licensed Maltese bank since 2008 and has successfully established a retail network of twelve branches in addition to developing three Corporate & Business Banking Centres along with a local trading room.  Prestigious awards have been bestowed on Banif in recognition of the Bank’s financial performance, sound corporate governance and provision of innovative client solutions.