AgriBank, a Malta-based bank that was launched in 2012, has officially rebranded to Lidion Bank, it announced on Wednesday.
This change came after an Extraordinary General Meeting held between the Board of Directors on the same day of the announcement, during which the company’s Memorandum and Articles of Association were updated to reflect the name change as well as “other minor amendments”.
Headquartered at SkyParks Business Centre in Luqa, Lidion Bank is a licensed Maltese credit institution servicing corporate clients.
Its new website describes the bank as one that “combines traditional banking principles with cutting-edge solutions, providing comprehensive financial services across various industries, with a spotlight on tech and digital advertising”.
When contacted by this newsroom for further details, Lidion Bank confirmed that Wednesday’s change is a “soft launch” and more about “getting the formalities done”.
A more formal launch is set to take place “later next year”, the bank confirmed.
During the first six months of 2023, Lidion Bank – then AgriBank – registered a pre-tax profit of €544,595, an improved performance from the €416,621 pre-tax profit that was recorded in the same period in 2022.
The bank states that it has more than 50 employees with over 500 corporate clients, having processed upwards of €1 billion in payments. The Board of Directors is composed of Jonathan Bellizzi as CEO, Trond Dale as Chairman, while Frank Sekula, Stephen Muscat, Victor Rizzo Giusti and Patrick Heininger are all Non-Executive Directors.
Main Image:SkyParks Business Centre, where AgriBank's - now Lidion Bank - headquarters are located / MIA
