Cap. 371 Art. 12Use of the word "bank".

(1) Subject to sub-articles (2) and (3), save with the written permission of the competent authority, no person other than a credit institution with a current licence may use the word "bank"

or any of its derivatives or other words as may indicate or purport to indicate the carrying on of the business of banking in any language in the description or title under which such person is carrying on business, or make any such use on any letter paper, in any notice or advertisement, or in any other similar manner.

(2) A credit institution licensed or holding an equivalent authorisation in another country outside Malta may use the name used in the country where it is licensed or holds an equivalent authorisation, save that, where there is a risk that the use of such a name may be misleading, such credit institution shall add such explanatory particulars to its name as the competent authority shall direct.

(3) Every credit institution shall use as part of its description or title the word "bank" or one or more of its derivatives.