in 1798, during the french occupation of malta, the funds of the monte di pietà e redenzione were taken over by the state, and the estates which had belonged to the monte di redenzione became government property. the monte was reopened by the british administration in 1800, but the role as monte di redenzione became redundant in the early 19th century, when slavery was suppressed. eventually, the institution was renamed back to monte di pietà, and the funds allocated to the redemption of slaves were allocated to paying interests and loans. the monte di pietà still functions today.