The European Central Bank has approved Czechia-based Banka CREDITAS’s acquisition of all shares in MeDirect, a subsidiary of MDB Group.
The approval follows a share purchase agreement in November 2024 between Banka CREDITAS and Medifin Finance Limited, the direct shareholder of MDB Group. Banka CREDITAS has confirmed its intention to complete the acquisition in the coming weeks.
Last month, Acting Governor of the Central Bank of Malta Alexander Demarco, revealed that Czechia-based Banka CREDITAS is in its final stages to acquire MeDirect.
MeDirect Bank’s parent company had entered into an exclusivity agreement with Czech bank Banka CREDITAS on 21st August 2024.
Banka CREDITAS is part of CREDITAS Group, a privately owned investment company with interests in financial services, real estate, and energy. Founded and owned by Czech entrepreneur Pavel Hubáček, the group is based in the Netherlands and has grown rapidly over the past decade.
Banka CREDITAS itself began as a savings association in 2016 and obtained a full banking licence in 2017. It now serves over 200,000 clients and has expanded aggressively through a series of acquisitions, amassing assets totalling CZK 131 billion (€5.23 billion).
Written By
Adel Montanaro
Adel Montanaro is a storyteller at heart, combining a journalist’s curiosity with a deep love for music and creativity. When she’s not chasing the next great story, you’ll find her at a local gig, brainstorming fresh ideas, or surrounded by her favourite people and pets.
