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Malta – A Gateway to European Investment Opportunities March 2010

Malta – A Gateway to European Investment Opportunities March 2010 . FinanceMalta – An Overview 2. Malta’s Financial Services Industry - An Overview of its Evolution 3. Growth Sectors - Business Opportunities 4. Key Success Factors . Agenda. 1. FinanceMalta – An Overview.

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Malta – A Gateway to European Investment Opportunities March 2010

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  1. Malta – A Gateway to European Investment OpportunitiesMarch 2010

  2. FinanceMalta – An Overview 2. Malta’s Financial Services Industry - An Overview of its Evolution 3. Growth Sectors - Business Opportunities 4. Key Success Factors Agenda

  3. 1. FinanceMalta – An Overview

  4. About FinanceMalta • FinanceMalta set up just over two years ago as a public-private partnership to promote Malta’s international financial services centre. • Board of Governors - representing all industry associations and the Government of Malta. • FinanceMalta’s Core Remit - Strengthen Malta’s financial services brand through a comprehensive communications program. - create Networking opportunities for its members.

  5. Malta’s Financial Services IndustryAn Overview of its Evolution

  6. Strong Growth in the Financial Services Industry GDP contribution increases to 12% Employs 7,000 people VISION 2015 2010 VISION 2015 Malta’s Financial Services Industry - One of the Main Economic Enablers Vision for Malta’s Financial Services Industry- a strong economic enabler Overhaul of Malta’s financial, legal and regulatory framework - “onshore Malta” response to Globalization & EU membership. 1988 1994 2004 International Corporate & Trusts Legislation Offshore benefits within a UK Regulatory culture. EU Membership Malta’s legal and regulatory framework meet EU standards

  7. 3. Growth Sectors and Business Opportunities

  8. Impact on Malta of the Global Crisis • 2008 – 2009 turbulent years for international financial services • Malta’s open market economy not immuneto recession – impact on tourism and exporting sectors • Impact on Malta’s economy relatively mild • Resilient banking sector is in good shape and credit is available - driven by a culture of accountability and transparency. • No bank failures

  9. Newly Registered Companies 9

  10. 1. Funds Industry 10

  11. 2. Insurance Industry Global firms have chosen Malta for both captive and reinsurance business providing services in 27 EU countries. Harmonised EU legislation and regulation - passport business into other jurisdictions. 13 insurance managers and8 Captive Insurance or “affiliated” insurance companies operating from Malta. The number ofmanaged (re)insurers - almost doubled over the last 2 years from 20 to 38. 11

  12. 3. Banking Industry Increased Presence of International Banks France United Kingdom Belgium Netherlands Greece Germany Austria Portugal Finland Saudi Arabia Bahrain Turkey Kuwait Australia 22 institutions have demonstrated 10.5% growth in assets to €41.9 billion in 2008. 12 12

  13. Increased presence of international insurance management companies providing international insurance management services out of Malta. Provision of general banking services. Insurance Operations Licensing of Investment Funds Licensing of Fund Management Cos. providing investment management to both Malta domiciled and international Funds Investment Funds International Banking Trade Finance and Treasury Operations Providers of Investment Services International Group Holding Companies Presence of Financial institutions providing specialised banking services. Setting up of International Group Holding Companies to service business in the EU and North Africa. Setting up of Financial Institutions providing an array of investment services. A Hub for International Financial Services Comprehensive Range of Financial Services 13

  14. 4. Key Success Factors

  15. Why Malta – 3 Core Reasons • Single Responsive Regulator • - Malta Financial Services Authority • 2. Access to the European market and proximity to the southern fascia of the Mediterranean • 3. Operating Environment • - Human Resources – multilingual – strong work ethic • - Presence of Major Law/Audit Firms • - Cost Competitive Jurisdiction 15

  16. International Attestations

  17. International Attestations

  18. Further Information • Website: www.financemalta.org • Contact : 00356 21 224525 Mr Kenneth Farrugia - Chairman - chairman@financemalta.org Dr Bernice Buttigieg - Head of Administration -bernice.buttigieg@financemalta.org Mr Bruno Lecuyer - Head of Business Development -bruno.lecuyer@financemalta.org • Visit Malta

  19. ThankYou 19

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