01 December, 2023

BNF Bank achieves Third-Country Branch Authorisation in the United Kingdom


BNF Bank p.l.c. has been approved to operate a third-country branch in the United Kingdom, the only local bank that has been licenced to do so. BNF was authorised by the Prudential Regulation Authority (PRA), within the Bank of England, with the consent of the Financial Conduct Authority (FCA).

Consequently, as a dual regulated firm, BNF Bank p.l.c.’s activities in the United Kingdom will now be subject to regulation by the PRA and oversight by the PRA’s European Banks Team and by the FCA, from a conduct perspective.

Since 2019, BNF Bank has been actively operating in the United Kingdom through its established branch in London, and later operating under the Temporary Permission Regime implemented in the United Kingdom as from December 2020.

“The recent approval from the PRA and the FCA further reinforces the Bank’s commitment to operating in the United Kingdom in strict adherence to all regulatory standards,” said BNF Chief Commercial Officer George Debono.

“The Bank looks forward to continuing its operations with the highest level of compliance and professionalism along with providing our clients with the unique opportunity of assisting them with their UK banking requirements,” he added.

Chief Executive Officer David Power explained that the license is approved with immediate effect, as of the 14th December 2023, which means that the Bank is now able to re-open for business in London. “The United Kingdom is a key part of our Vision 26 Strategy, which was recently approved by the Board of Directors. Being the only local bank with this opportunity, will allow us to expand into the UK market and offer unique products and services not only to our Maltese customers, but also to acquire new customers to the bank who are based in the UK.” he concluded.

All News

View All

14 February, 2024

BOV launches revamped cutting-edge website...

...

Learn More
29 January, 2024

The second edition of the GRC Summit 2024 officially announced...

...

Learn More
26 January, 2024

BOV driving financial literacy & financial planning for customers...

...

Learn More
23 January, 2024

BNF Bank looks back at a year’s commitment to social impact...

...

Learn More

All News

View All

Sponsored Content

14 February, 2024

BOV launches revamped cutting-edge website...

...

Learn More

Sponsored Content

05 February, 2024

BOV launches ‘Rebbiegħa’ initiative...

...

Learn More

Sponsored Content

29 January, 2024

The second edition of the GRC Summit 2024 officially announced...

...

Learn More

Sponsored Content

26 January, 2024

BOV driving financial literacy & financial planning for customers...

...

Learn More

upcoming events

View All

Upcoming Events

27 February, 2024

Workshop: Employees wellbeing and engagement

...

Learn More

Upcoming Events

04 March, 2024

Online Info Session: Carbon Border Adjustment Mechanism

...

Learn More

Upcoming Events

06 March, 2024

What's Trending - Social Media in Malta

...

Learn More

Upcoming Events

12 March, 2024

Info Session on Sustainability Support

...

Learn More

upcoming events

View All

27 Feb
upcoming event 27 February, 2024, 08:30 AM

Workshop: Employees wellbeing and engagement

Learn More
04 Mar
upcoming event 04 March, 2024, 10:30 AM

Online Info Session: Carbon Border Adjustment Mechanism

Learn More
06 Mar
upcoming event 06 March, 2024, 08:30 AM

What's Trending - Social Media in Malta

Learn More
12 Mar
upcoming event 12 March, 2024, 08:30 AM

Info Session on Sustainability Support

Learn More
20 Mar
upcoming event 20 March, 2024, 05:30 PM

Annual General Meeting 2024

Learn More