Ferratum Bank plc

Ferratum Bank p.l.c. is a Malta-based credit institution supervised by the Malta Financial Services Authority and operating under EU banking rules; in 2022 it adopted the trading name Multitude Bank p.l.c. The bank is part of Multitude SE (formerly Ferratum Group), a Finland-origin financial services group, and distributes most services digitally. Retail activity has focused on euro-denominated savings and fixed-term deposits offered in selected EEA markets, including via third‑party deposit marketplaces, with product availability and terms varying by country. Accounts are generally funded and repaid through SEPA transfers to a Maltese IBAN, and fixed-term deposits typically cannot be broken before maturity or, if permitted, may result in loss of accrued interest; pricing and conditions are subject to change and should be confirmed at account opening. The bank previously provided current accounts and payment cards in some markets, but its retail product set has changed over time and is not uniform across jurisdictions. Customer deposits are protected by Malta’s Depositor Compensation Scheme up to €100,000 per depositor, per bank, in line with EU directives; coverage limits, eligibility, and payout procedures are defined by the scheme. Tax treatment of interest depends on the customer’s residency and local law, and customers are responsible for any reporting obligations. As a smaller, online-focused lender within a wider group that also operates consumer and SME lending brands, the bank’s strategy and balance sheet reflect group funding needs and regulatory requirements; prospective customers should review current disclosures, terms, and country-specific access before applying.