Novum Bank Limited

Novum Bank Limited is a Malta-based credit institution licensed under the Banking Act and supervised by the Malta Financial Services Authority within the EU’s Single Supervisory Mechanism framework. The bank focuses on consumer finance and retail funding, offering unsecured short-term lending in selected European markets and collecting euro-denominated deposits, including fixed-term deposits that may be distributed directly or through third‑party savings marketplaces. Deposits are covered by Malta’s Depositor Compensation Scheme up to €100,000 per depositor per bank, subject to scheme rules and eligibility; early termination conditions typically apply to term deposits and should be checked before committing funds. Product pricing, fees, credit limits, and underwriting criteria vary by market under local consumer credit regulations, and borrowers are subject to affordability and identity checks. Novum Bank prepares audited financial statements under IFRS and publishes regulatory disclosures (including capital and risk information) in line with CRR/CRD requirements; these materials provide details on capital ratios, liquidity metrics, and risk concentrations. Account opening and servicing are conducted primarily online, with standard KYC/AML documentation and tax self‑certifications (e.g., CRS/FATCA); non‑resident savers should consider their local tax obligations and any withholding or reporting requirements applicable to interest. The bank provides complaints handling in line with Maltese rules, and unresolved matters can be escalated to the Office of the Arbiter for Financial Services in Malta. Prospective customers should review the bank’s latest terms, disclosures, and financial reports, as conditions, rates, and market coverage can change.