ECONOMY
MALTESE BANK’S CLAIMS GROUNDLESS
The National Bank’s inspections did not clear up any signs of this transaction. Ministry denies its involvement in the warranty. The enterprises that Maltese Bank allotted credit do not exist, as they did not get through official registration. National Bank made an inquiry to the bank and law company to obtain information of the enterprises-debtors and credit transaction. The bank denied providing such documents and information. The absence of such documents arouses doubts in validity of claim.
At the National Bank’s request, Financial Control Agency of Malta has launched an investigation into this case. National Bank controls Pochtbank’s activity that is why such actions may not have any impact on the population. Before this, National Bank limited Pochtbank’s operations and that is why it is only enabled to meet its credit commitments.