Financial and insurance activities contributed €149.0
billion or 97.9 percent to the total foreign direct investment
position in Malta last year, according to official statistics
published by the National Statistics Office (NSO).
The NSO data indicates that the position of foreign direct
investment in Malta was estimated at €152.3 billion, an
increase of €9.2 billion over the corresponding month in
In terms of flows, there was a net increase of €4.1 billion
in FDI during 2015, compared to an increase of €8.4 billion in
2014. This increase in FDI flows was mainly driven by increases
registered under other capital (Table 1). As for flows classified
by economic activity, the largest increase of FDI was registered in
financial and insurance activities by €3.7 billion in
The NSO figures reflect an increase in activity across all
regulated financial sectors, with an increase in licensing activity
noted particularly in the electronic money and payment services
sector, insurance cell companies, retirement schemes and investment
intermediation. A remarkable expansion in business has also been
registered in a number of areas, following increases of 34% in in
gross written insurance premiums, 36% in assets under management in
the pensions sector and 5% in the net asset value of collective
investment schemes reported in 2015.
The level of growth continues to be sustained by new legislation
introduced in recent years, including changes in retirement
pensions legislation, the extension of cell company legislation to
new areas of the financial and insurance service activity, the
introduction of the loan funds framework and changes in limited
partnership legislation. The latest framework for Notified
Alternative Investment Funds, launched in June this year, has also
led to renewed interest in funds sector following the inclusion of
the first scheme on the MFSA's Notified AIF List on 21
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