From Wikipedia, the free encyclopedia
Lombard Bank is Malta's third-largest bank. It is no longer associated with Lombard Direct, of the United Kingdom.
[edit] History
- 1969 Lombard North Central plc, UK establishes Lombard Bank Malta plc. In the UK, National Westmister Bank (NatWest) acquires Lombard North Central.
- 1975 The Maltese government purchases 25% of Lombard Bank Malta.
- 1981 The Maltese government purchases 35% of Lombard Bank Malta
- 1988 NatWest, unable to find a buyer, sells its remaining shares to the government.
- 1990 Lombard Bank Malta issues new shares and the government sells some of its shares.
- 1994 Lombard Bank Malta lists on the Malta stock exchange. The government sells 21% of the shares (Lombard North Central’s remaining stake) to Malaysian entrepreneur Robert Tan Hua Choon.
- 1998 CCF Holdings (Suisse) acquires Tan’s 21%.
- 2000 HSBC acquires Credit Commercial de France (CCF) and with it the stake in Lombard Malta.
- 2002 HSBC sells its shares in Lombard Malta to Swiss-based Banca Unione di Credito, which now owns 26%.
- 2006 Lombard Bank Malta acquired Transend Worldwide's 35 per cent shareholding in Maltapost. Transend Worldwide, a New Zealand company, was instrumental in restructuring Maltapost over the past four years.
- 2006 Banca della Svizzera Italiana acquired Banca Unione di Credito.
