Tag: Bank of Valletta
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Bank of Valletta to allow 5%+ shareholding
At its upcoming Annual General Meeting, Bank of Valletta is expected to approve several important changes, including the appointment of two new directors, the continuation of its share buyback programme and changes to its shareholder structure. The bank is also proposing to remove the current 5% ownership limit, a move it says would improve liquidity…
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BOV continues its share buy-back programme: two new directors to be appointed
Earlier today, Bank of Valletta announced it is continuing with its share buyback programme. Shareholders originally approved the bank buying back up to 2,800,000 shares before the bonus issue, later adjusted to 3,060,000 shares, each with a nominal value of €1, at prices between €1.55 and €2.55 per share. If used in full at the…
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Watch: Joseph Muscat campaigns for Bank of Valletta Director James Grech
In more news from the Labour Party’s Banana Republic, the disgraced ex-Prime Minister Joseph Muscat is campaigning for a Labour Party election candidate who is also a board of director of Bank of Valletta. Joseph Muscat has featured heavily in the current election campaign and has endorsed a number of Labour Party candidates. The incident…
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Bank of Valletta posts weaker first-quarter profits despite stronger interest income
Bank of Valletta has started 2026 with weaker profits compared to the same quarter last year, despite continued growth in its balance sheet, lending activity, customer deposits and net interest income. According to the bank’s latest quarterly financial update, BOV reported a profit before tax of €54 million for the first quarter of 2026, down…
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Bank of Valletta emerges as the bank most exposed to risky clients
I have run all the articles of The Maltese Herald through two different chatbots to calculate which banks are most frequently mentioned as carrying the most risk through their politically exposed clients and clients with suspected criminal activity. The results show that, unequivocally and by a very wide margin, the Maltese bank carrying the most…
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Ahmed Ben Halima banked at Bank of Valletta – is BOV banking Ahmed Gadalla?
The major Libyan businessman who sold the largest Libyan cement company to Khalifa Haftar’s money man, like many major Libyan businessmen in Malta, banks at Bank of Valletta. Ahmed Ben Halima sold several of his companies, including his Maltese-based company Seaport International Investments to Ahmed Gadalla, Khalifa Haftar’s money-man. Ahmed Gadalla syphoned a €300 million…
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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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BREAKING: The Labour Government is clamping down on the FIAU
The Maltese Herald has confirmed thanks to several sources that the ongoing campaign by the Police to sign MOUs with several entities is a conspiracy enacted by the government and supported by Police Commissioner Angelo Gafa to bypass the Financial Intelligence Analysis Unit. The government is executing an ongoing plan to clampdown on the FIAU after the…
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More useless agreements by Police Commissioner Angelo Gafa
Police Commissioner Angelo Gafa is wasting his time with a political campaign aimed at promoting him in the press by signing useless agreements with government entities and banks about crime reporting. Anyone who is in the risk-monitoring sector knows how pathetic and ridiculous this campaign is because banks already have very strict regulations on reporting…
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More complications and conflicts of interest: Excel Investment Holdings banks at Bank of Valletta
Further complicating the conflict of interest of the Chairperson of Bank of Valletta’s risk committee, Robert Suban, with his role as Audit committee and board member of Malita Investments, Excel Investments Holdings also banks with Bank of Valletta. Excel Investments Holdings is the parent company of Excel Housing, which won a €27.2 million tender from…
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Bank of Valletta yet in the middle of another government scandal
Bank of Valletta was extensively used by the Joseph Muscat administrations as a facilitator to the government’s corruption such as in the case of Steward Health Care in which Bank of Valletta gave a €36 million to Steward. Its previous Chief Risk Officer, Miguel Borg, was fired over the incident and he was subsequently awarded…
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Bank of Valletta remained silent over €36 million “loan” by Steward Health Care
The Labour government and Prime Minister Robert Abela, have been repeating their reductive and banal talking-point in defence of Joseph Muscat’s corruption, that Steward Health Care never stole €400 million. This is a very puerile argument that suupposedly defends the extensive fraud and corruption over the public hospitals concessions. The Labour Party even made use…
