Multitude Bank eyes German market with innovative deposits
Malta-based digital bank has entered Europe’s largest market
Multitude Bank has announced the launch of its digital deposit services in Germany, strengthening its presence in Europe’s largest banking market.
In a statement, the digital-bank said the Germany launch expands the bank’s growing digital footprint and aligns with its strategic focus on diversification and long-term growth.
“We’ve done our research and identified markets that can deliver results, reduce risk, and diversify our geographic exposure,” said Dario Azzopardi, Deputy CEO of Multitude Bank.
“Germany is the largest and one of the most competitive markets in Europe. We have been in Germany since 2014, offering a variety of consumer banking products. In Germany, our clients know us as Ferratum, and through the same brand we believe our digital-first deposits platform brings something fresh to German customers.”
The German launch comes just a few months after Multitude Bank launched its digital deposits in Malta back in March.
Since 2012, Multitude Bank has grown its presence across more than 16 EEA countries, primarily through its consumer lending and deposit products.
More recently, it has expanded into wholesale banking services, offering secured debt financing and payment solutions.
Multitude Bank is also assessing opportunities in other European markets as part of its broader regional growth strategy.
“Our vision is to build a modern, efficient, and resilient banking network across Europe—one that gives consumers more control, better returns, and a truly digital experience,” Azzopardi said.
The Malta-based Multitude Bank, forms part of Multitude Group which is headquartered in Zug, Switzerland.
Flexible, fully digital savings
Multitude Bank’s deposit products are designed for simplicity, accessibility, and value.
Just as in Malta, German customers can open a Savings Account or Fixed-Term Deposit online in just a few minutes. All products are managed through a seamless digital platform, with competitive interest rates and monthly interest payouts, even on standard savings accounts.
All Multitude Bank deposit products are covered by the Maltese Depositor Compensation Scheme, protecting up to €100,000 per customer, regardless of nationality. Eligibility for protection is subject to the terms of the Scheme.
“We’re not just expanding geographically,” Azzopardi added.
“We’re redefining what customers should expect from their bank… more control, better returns, and a user-friendly experience that works wherever you are.”
The bank is fully licensed by the Malta Financial Services Authority and has been steadily building its presence across the EEA with a fully digital offering that includes savings accounts, fixed-term deposits, and business payment solutions.
Disclaimer: Multitude Bank p.l.c. is a public limited company, registered under the laws of Malta with number C56251, with its registered address at ST Business Centre 120, The Strand, Gzira, GZR 1027, Malta. Multitude Bank p.l.c. is licensed as a credit institution by the Malta Financial Services Authority.