Tag: Annual Report
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Central Bank of Malta release upbeat annual report about 2025: deposits and loans keep increasing
The annual report of the Central Bank of Malta describes an upbeat economy highlighting a 4% average annual growth for 2025 driven mostly by local demand with exports aiding to the growth. The Central Bank also praised the monetary policy of the European Central Bank which it deemed as successful in tamping down inflation. The…
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Bank of Valletta’s profits drop by 29% in 2025 after record-2024 year
Bank of Valletta has reported a notable decline in profitability for 2025 following a record-breaking performance in 2024, as lower interest rates and rising costs weigh on earnings despite continued growth in lending and investment activity. The bank posted a record of pre-tax profit of €302.4 million in 2024, up from €251.6 million in 2023…
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Central Bank of Malta releases its 2024 Annual Report: bank deposits increase in 2024
The new Governor of the Central Bank of Malta, Alexander Demarco signed his first annual report, after his predecessor, Governor Edward Scicluna was forced to resign from his post by the government following his arraignment in Court on the Vitals scandal. Edward Scicluna resisted his sacking and also forced the government to keep him on…
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Bank of Valletta increases its profits for 2024 by 20%
Bank of Valletta continued posting record results ending 2024 with a 20% increase in profits compared to the previous year, according to its executive summary of its 2024 Annual Report. The Bank’s profit before tax in 2024 amounted to €302.4 million, up from €251.6 million in 2023, with a 10.1% increase in operating revenues. BOV…
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APS Bank’s profits fall by 20% in 2024: still wants to buy HSBC Malta
APS Bank has declared a 20% decline in its profits for 2024 compared to the previous year despite the fact that other local banks are hitting record profits and revenues. Profits were weighed down by a reduction in net interest income going down by about around 11% from €73.6 million in 2023 to €65.5 million…
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Bank of Valletta’s operating profits increased by 60% in 2023 and its stock rises by 54% from year to date
Bank of Valletta followed the trend in Europe along with other banks in Malta with improved results for the year 2023, increasing its operating profits by 60.5% to a total of €241 million compared to 2022’s €150 million, thanks to higher interest rates and by increasing its loan book by more than 10% from €5.6…
