Tag: central bank of malta
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We’re not a Mafia state but my Ministers are serial criminals who are protected by the Police – Prime Minister Robert Abela
Amid the multiple criminal conspiracies and cover-ups that Police Commissioner Angelo Gafa is involved in to protect the corrupt politicians of the Labour government, there’s the ongoing cover-up of the extended corruption of the disgraced ex-Tourism Minister Clayton Bartolo and his new wife, Amanda Muscat. Clayton Bartolo eloped with Amanda Muscat when he became Minister…
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ECB Chief Christine Lagarde welcomes new Maltese Central Bank Governor Alexander Demarco
The President of the European Central Bank Christine Lagarde welcomed Alexander Demarco to the ECB’s Governing Council. He officially replaces Edward Scicluna. Alexander Demarco’s appointment to the ECB Governing Council was welcomed alongside the appointment of Bulgaria’s Central Bank Chief Dimitar Radev after Bulgaria has just joined the Eurozone. New Slovenian Central Bank Governor Primož…
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Rita Schembri appointed Deputy-Governor of the Central Bank of Malta: first woman in the the post
Rita Schembri, the previous Head of the Economic Analysis Department at the Central Bank of Malta, has been promoted to Deputy-Governor. Her appointment follows the official takeover of the central bank’s governorship by Alexander Demarco. Alexander Demarco was interim Governor before officially taking up his role at the start of the year, replacing Edward Scicluna.…
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Malta’s Central Bank was a net-seller of gold during gold’s biggest rally
Malta’s central bank has been on the other side of the trade in the current gold bull-market, having been an unusual net seller among most central banks which have been net buyers. Whether this is is a good or a bad thing, depends on your perspective and the priorities being made by the Central Bank…
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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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Why the regulators won’t accept OTP Bank’s bid for HSBC Malta
I’m very glad that the Hungarian laundromat of Russia, OTP Bank submitted a bid for HSCB Malta. We had confirmed that a foreign entity submitted a bid for HSBC Malta but we couldn’t yet confirm a name. Times of Malta confirmed it before us. OTP is not going to get accepted by the Maltese regulator,…
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Only 10% of tenants are Maltese
According to the latest Quarterly Review Report of Q1 of the Central Bank of Malta, only 10% of tenants in Malta are Maltese with the rest being foreigners. 17% are EU nationals and 73% are third-country nationals. 64% of tenants are males at an average age of 37 tears with 91% of tenants working full-time…
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President of the European Central Bank, Christine Lagarde, says that the decision regarding Edward Scicluna should be made by the local authorities
Contrary to what Edward Scicluina stated earlier this week, it is not up to the European Central Ban Bank to make a decision on his current position as Governor of the Central Bank of Malta. In a reply provided to this website European Central Bank President Christine Lagarde has stated: “Dear Mr Camilleri, On behalf…
