Multitude Bank p.l.c. has announced that customer deposits have surpassed the €1 billion mark, marking a major milestone in the bank’s continued growth as a digital-first European credit institution.
In a statement, the bank said this achievement follows the 2025 launch of Multitude Bank’s digital deposit services for customers in Malta, Spain and Germany including Savings Accounts and Fixed Term Deposits last year.
Deposits up to EUR 100 000 are covered by the Maltese Depositor Compensation Scheme and reflects strong and growing demand for the bank’s simple, competitive and secure savings products across its core European markets.
Since 2012, Multitude Bank has steadily expanded its footprint across more than 16 EU member states initially through consumer lending and deposit products and more recently into wholesale banking services, including secured debt financing and payment solutions.
The rapid growth in deposits highlights increasing customer confidence in the bank’s proposition and its role as a key funding pillar within the wider Multitude Group.
Commenting on the milestone, Antti Kumpulainen, CEO of Multitude Group and Multitude Bank plc, said:
“Reaching €1 billion in customer deposits is a significant moment for Multitude Bank and a strong endorsement of the trust our customers place in us. It confirms that our focus on building clear, digital-first and competitively priced savings products is resonating across markets.”
“This milestone not only reflects the success of our retail proposition, including our recent expansion in Malta.
Multitude Bank operates a fully digital model, allowing customers to open and manage their accounts seamlessly online.
Irrespective of the term of the deposit, the Gżira-based bank pays interest on a monthly basis, including on savings accounts, a feature designed to provide greater flexibility and predictability for savers.
Kumpulainen added: “Our ambition is not simply to grow in scale, but to raise the standard for what customers should expect from digital banking; transparency, ease of use and genuine value. Hitting EUR1 billion in deposits gives us a strong platform to continue expanding our offering and reach new customers across Europe.”
Looking ahead, Multitude Bank said it will continue to develop its savings and banking products, while expanding into additional European markets, as part of its strategy to further strengthen its position as a digital, customer-centric bank serving both retail and institutional clients.
The Bank has a compelling rate offering that rewards loyalty. Its Current Account pays up to 2.50% interest, while its term deposits pay up to 3.20% in Malta.
