Lombard Bank Malta Plc is one of Malta's major banks, together with Bank of Valletta, HSBC Bank Malta and APS Bank. The Government of Malta through the National Development and Social Fund (NDSF) owns 49.1% of the bank. It acquired these shares from the now defunct Cyprus Popular Bank. Over 1,200 shareholders, and investment funds, hold the remaining shares. The bank has a 71.5% stake in MaltaPost plc., the Maltese national postal operator.
The bank operates a network of seven branches in Malta and Gozo, with its head office at Spinola Palace in 67 Republic Street, Valletta.[2] The branches are located in:
1969: Lombard North Central established Lombard Bank (Malta) (now Lombard Bank Malta).
1975: The Maltese government purchased 25% of Lombard Bank Malta.
1981: The Maltese government purchased 35% of Lombard Bank Malta.
1988: NatWest, unable to find a buyer, sold its remaining shares to the government.
1990: In April 1990 the bank became a Public Limited Company and offered equity to the public. The issue was five times oversubscribed and the government subsequently totally divested its shareholding.
1994: Lombard Bank Malta was listed on the Malta stock exchange. The government sold 21% of the shares (Lombard North Central's remaining stake) to Malaysian entrepreneur Robert Tan Hua Choon.
2002: HSBC sold its shares in Lombard Bank Malta to Swiss-based Banca Unione di Credito, which then owned 26%.
2006: Lombard Bank Malta acquired Transend Worldwide's 35% shareholding in Maltapost Plc. Transend Worldwide, a New Zealand company, was instrumental in restructuring Maltapost over the previous four years.
2007: Cyprus Popular Bank (formerly Marfin Popular Bank) acquired 43% of the share capital from BSI and other international investors for €48 million.
2018: The Government of Malta through the National Development and Social Fund (NDSF) acquired 49.1% of the issued share capital from Cyprus Popular Bank.
