MeDirect CEO: Acquisition by Banka CREDITAS marks ‘the beginning of a new chapter’

“Today marks the beginning of a new chapter in MeDirect’s growth journey,” MeDirect Group CEO Jean-Claude Maher said as the bank confirmed the completion of its acquisition by Banka CREDITAS.

Mr Maher says that having Banka CREDITAS as a shareholder gives MeDirect “greater firepower to continue our mission to challenge the traditional banking landscape.” He emphasised that the partnership is underpinned by “shared standards around customer-centricity and innovation,” describing it as an exciting step in the bank’s expansion both in Malta and across Europe.

The deal, first announced in November 2024, received approval from the European Central Bank last month and has now been finalised. It sees Banka CREDITAS, part of the Czech-based privately owned CREDITAS Group, acquire all shares of MDB Group Limited, the parent company of MeDirect Bank (Malta) plc, from Medifin Finance LimitedMED147.

Banka CREDITAS has been operating in Czechia since 2016, and forms part of a wider investment group with interests in financial services, real estate and energy. Its CEO, Jiří Hrouda, welcomed MeDirect into the CREDITAS family, highlighting the bank’s “best-in-class secure digital banking platform, developed by the Malta-based tech team,” as well as its “unique set of banking, investment and lending services for retail and corporate customers.”

While now a subsidiary of Banka CREDITAS, the MeDirect brand will be retained. Mr Maher assured customers that the bank remains fully committed to Malta, saying: “Maltese retail and corporate customers can rest assured that MeDirect will remain a proud Maltese bank, fully committed to meeting the needs of customers and supporting the country’s economic prosperity. Expect to see further developments in the coming months.”

Founded in Malta in 2004, MeDirect has grown into a pan-European challenger bank, combining mobile and digital banking with investment services. The group has more than 160,000 customers and holds over €6 billion in assets. Its Belgian operations, run as a purely digital bank, have also contributed to its rapid growth.