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Central Bank of Malta

Central Bank of Malta

Central bank

The Central Bank of Malta (Maltese: Bank Ċentrali ta’ Malta) is the central bank of the Republic of Malta. It was established on 17 April 1968. In May 2004, when Malta joined the European Union, it became an integral part of the European System of Central Banks. It was responsible for, amongst other things, issuing Maltese lira banknotes and coins, before Malta adopted the euro in 2008 and the bank became part of the Eurosystem.

The Central Bank of Malta Act was originally published by means of Act XXXI of 1967. It has been amended a number of times, most recently by Acts I and IV of 2007 in order to provide for the bank's membership within the Eurosystem.

The Central Bank of Malta is located in an early 20th-century building. Completed in 1924 as the Vernon Institute, or Vernon Club. The bank occupied the building since 1967, but made arrangement for the lease of the premises in 1968, with a contract lasting almost hundred years. The interior was eventually demolished in 1968, keeping the façade, to be redeveloped and housing the present Central Bank of Malta. In 2004, the building was bought from the Government of Malta by the bank.

Governors

Governors of the Central Bank of Malta since 1968.

  • Philip L. Hogg: 17 April 1968 – 31 March 1972
  • Borge Andersen: 1 April 1972 – 16 March 1973
  • R.J.A. Earland: 17 March 1973 – 25 January 1974
  • Henry C. de Gabriele: 1 September 1985 – 6 November 1986 (acting)
  • Anthony P. Galdes: 3 June 1987 – 2 June 1993
  • Francis J. Vassallo: 15 September 1993 – 30 September 1997
  • Emanuel Ellul: 1 October 1997 – 30 September 1999
  • Michael C. Bonello: 1 October 1999 – 30 June 2011
  • Josef Bonnici: 1 July 2011 – 30 June 2016
  • Mario Vella: 1 July 2016 - 31 December 2020
  • Edward Scicluna: 1 January 2021

Headquarters of the Central Bank of Malta

Timeline

Further Resources

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