These include issuing currency, maintaining external reserves and acting as banker to the government and to commercial banks. It also administers exchange control. The flow of payments into and out of the country is controlled by the Central Bank. The Central Bank is responsible for permitting payments abroad above the limits delegated to commercial banks, for foreign participation in local enterprises and for borrowing locally by companies incorporated under the laws of Malta but controlled directly or indirectly by non-residents. The two major banks in Malta are Mid-Med Bank and Bank of Valletta.
Commercial banks offer all forms of commercial banking services.
There are no foreign exchange controls that specifically effect trade. Foreign exchange permission for payments abroad is automatically granted on presentation of supporting documentation. General financing is available from commercial banks. Terms of payment are negotiable. Both Eximbank and OPIC financing is available to U.S. exporters to Malta.