The MFSA has just issued two other notices concerning SATA, relating to the release of customer funds and the setting up of the Corporate Hardship fund managed by the Malta Enterprise. As of this Monday the 26th of November, local Satabank customers with balances ranging from Eur 50 to EUR 15000 and who have gone through a review procedure will have their funds released first. Alternative arrangements will be made for those customers who are not residents of Malta. The Corporate Hardship Fund will be made accessible to Satabank Corporate Clients with employees resident in Malta to cover predominantly verifiable salary bills. Read the attached MFSA notices to find out more.

Updated on Satabank 22.11.2018 – Satabank Public Notice 23.11.2018

Author: Helga Moran, Senior Banking Administrator, Banking Department