The MFSA has released a Public Notice regarding Satabank
The Malta Financial Services Authority (MFSA) has issued further information regarding Satabank. The authority has appointed competent personnel to contact Satabank Corporate customers thus starting the process of return of funds. Satabank customers are constantly being contacted with Satabank Corporate and Personal customers holding a balance above €50. The MFSA is encouraging all customers to provide the necessary details and other required information to has to be provided as soon as possible.
Satabank has been working hand in hand with Maltese authorities and the MFSA to achieve the best possible outcome for its customers. The bank will continue to fulfil all its capital and liquidity requirements. The priority of the MFSA is to continue to protect Satabank depositors.