Towards the end of 2015, KPMG in Malta launched the first of its kind publication Under the Microscope which looked at analysing the local Banking Industry, its players, trends, opportunities and challenges. In view of the excellent feedback received, we are pleased to publish the second edition of Under the Microscope with the aim of providing an insightful analysis of the performance of Maltese licensed banks, over 2015/2016. We intend to develop this into a staple publication for financial services practitioners, filled with assessments and insights directly from our leading local experts.