The Belgian market is in the firing line of Maltese online bank, Nemea. By offering 4% on term deposits, the bank hopes to win over 30,000 clients within 3 years, according to De Tijd on Friday. Another Maltese bank, MeDirect, is already active on the Belgian market and offers online accounts, investment products and asset management services. The Maltese state is offering depositor protection to the value of 100,000 euros for these two banks. Nemea wants to use client deposits to uplift its consumer loans, which will become available in the second half of 2015.
Oscar Schneider (Source: Belga)