Major industries - tourism, electronics, ship building and repair, construction, food and beverages, pharmaceuticals, footwear, clothing, tobacco, aviation services, financial services, information technology services.
Banks (2010) - 23 banks; 127 branches; 3,797 employees; assets – EUR 49,00 billion; loans – EUR 23,00 billion; deposits – EUR 21,00 billion
Banking regulations – The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. It was established by law on 23 July 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis. Malta is a jurisdiction that complies with and helps develop international best practice and is actively involved with the OECD, the EU and the Commonwealth in modeling global regulatory policy. Statutory license requirements for credit institutions include minimum own funds (capital) set at an amount to not less than EUR 5 million or the equivalent in foreign currency, the four eyes principle, and appropriate and proper criteria.