MeDirect Bank Malta plc (MeDirect) has announced a significant development regarding its ownership structure. Medifin Finance Limited (MFL), the direct shareholder of MDB Group Limited (MDB Group), which is the parent company of MeDirect, has entered into a share purchase agreement with Czech financial institution Banka CREDITAS a.s.

Under the agreement, Banka CREDITAS is set to acquire 100 per cent of MDB Group’s shares. Completion of the acquisition remains subject to regulatory approvals.

As part of its strategic vision for MDB Group, Banka CREDITAS plans to inject additional capital into the group or its subsidiary companies, strengthening its position in the financial sector.

Banka CREDITAS forms part of the Creditas Group, a privately-owned investment group with a diverse portfolio spanning financial services, real estate, and energy. The group's financial arm has investments in banking, asset management, investment services, leasing, and related sectors.

MeDirect Bank has stated that further updates will be provided as the transaction progresses.