Tag: Bank of Valletta
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Bank of Valletta accumulates up to 0.076% of its own shares in total buybacks this year
Bank of Valletta has announced that it has accumulated up to 0.076% of its own shares this year with its share buyback programme. This was the first share buyback programme by the bank in many years. BOV purchased 488,450 shares at the price of of €1.8956 per share, for a total amount of €925.910. The…
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The Maltese Herald needs your critical support as the government tries to squeeze us out of the market
The Maltese Herald employs two journalists, and Dar Camilleri, its publisher, employs another additional employee. I am the founder and the single-owner of Dar Camilleri and The Maltese Herald and I am not an employee. I have built Dar Camilleri and The Maltese Herald out of passion for my country and we are based in…
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Revising history for personal gain (literally)
Jeremy Cassar Torregiani was on Il-Każin, following the Court’s decision to slash compensation for the shareholders of the National Bank of Malta over the appropriation of their bank shares in 1972-73. You can watch the full interview below. He gave a very original version of historical events, which is known uniquely by himself. In the…
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Courts slash compensation for National Bank shareholders from €111 million to €71 million
In a surprising decision handed by the Appeals Court earlier today, the compensation awarded to the previous shareholders of the National Bank. was slayed from €111 million to €71 million. The decision has not yet been uploaded online but a report about it has been published by Times of Malta. The previous shareholders demanded up…
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Bank of Valletta’s results come out weaker than last year’s
Bank of Valletta’s results for the first nine months of this year have have come out weaker than last year as Bank announced a profit before tax of up to €192.1 million, 14% less than the €223.7 million it announced last year. It announced however that it has surpassed €16 billion in assets under its…
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Betting big on Bank of Valletta: Amalgamated Investments
Times of Malta is reporting that Amalgamated Investments, a small private fund based in Malta valued up to €105 million, has bought up to 1.58% of Unicredit’s remaining 5.21% share of Bank of Valletta. Times of Malta is reporting that Amalgamated Investments, which mostly owns Maltese stocks with BOV being one of its major holdings,…
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Hili Group’s dip into Maltese banking with a stock purchase
The news that Hili Group is the buyer of Unicredit’s to% share of Bank of Valletta was met with a resounding silence by the usual expert commentators of finance in the mainstream press. This is a big event in the small world of local finance and for various reasons. Hili Group and one of Malta’s biggest…
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Bank of Valletta’s profits for 2025 decline by 8.84% compared to first half of last year
In a recent company announcement, Bank of Valletta announced that from January to June of this year, the bank generated a profit before tax of up to €135.1 million, 8.84% less than the same period of last year of up to €148.2 million. However, customer’s deposits continued to grow up to €13.1 billion with the…
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Bank of Valletta’s stock takes a beating after Unicredit halves stake but still in second place
Updated: The Times of Malta has just released an article reporting that Hili Ventures bought Unicredit’s stake of BOV. Read it here. BOV’s stock price has taken a beating after Unicredit halved its stake in the bank, pushing BOV further behind in the race for the place of the best performing stock of the year.…
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Bank of Valletta keeps posting good results: announces share buyback
Bank of Valletta (Group) continued posting good results as it announced its first quarter results yesterday afternoon stating it made a revenue of €67.1 million, 5.3% higher than the last year’s quarter. BOV Group’s balance sheet grew by 3.6% to €549 million. The bank has also announced a share buyback, but the buyback will be…
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Bank of Valletta approached by investors to buy HSBC Malta
Updated: After the announcement issued by BOV, the Finance Minister gave comments to the press outside Parliament and said that he is against a situation where one of the two largest retail banks merges with another as this would erode the competitivity of the banking sector. Following the Minister’s comments, BOV issued a statement saying…
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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…
