Tag: Gordon Cordina
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Bank of Valletta: Excess cash, bullish on US Treasuries and share buy-backs coming soon
Following Bank of Valletta’s half yearly results I made some inquiries to the Chairman of the bank Gordon Cordina. The bank is being extremely secretive over details that are quite positive in its regard, but a culture of secrecy and incompetence prevents the bank from giving full and clear answers. The bank is in a…
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An internal bank review on Robert Abela’s money laundering practices is not enough to comply with the law
Following my investigation and story about Robert Abela’s and Lydia Abela’s money laundering practices, the story is now also being investigated by both The Shift and Times of Malta. As always happens in these cases, the press is late to pick up stories of financial crime due to their seemingly complex nature, but Robert Abela’s…
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Gordon Cordina is so trusted by Labour that Joseph Muscat wanted to make him Minister for Finances
Bank of Valletta Chairman Gordon Cordina made headlines this week, as a government minister attempted to unduly influence him regarding his testimony at the Public Accounts Committee. As pointed out in the article on this website, Gordon Cordina would only have been trusted to that extent by the Labour minister if it was known by…
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Bank of Valletta Chairman Gordon Cordina is unable to act independently from the government
The incompetence, idiocy, and corruption of Minister for Tourism Clayton Bartolo is well-known. The Ministry of Tourism has been turned into a money pot for criminals associated with the Labour Party, with rampant corruption being conducted on a very extended basis. The lavish and highly irregular spending by the Ministry for Tourism has led the…
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BOV’s Chairman gives a raise to himself
So, last year, Bank of Valletta’s chairman, Gordon Cordina has given himself a salary increase of around €10,000 to bring his total annual salary to six figures. In principle, his salary is still low for the chairman of the biggest national bank, however, the problem is that this is not Gordon Cordina’s full-time role. Cordina’s…
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BOV Chairman on the €36 million Stewards loan: no comment
So, the Labour appointee and Bank of Valletta Chairman Gordon Cordina has no comment to make on BOV’s $36 million loan to Steward. I have sent a number of questions to Gordon Cordina to which he simply replied by saying that the bank can’t discuss the details of private clients. This is the first stint…
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BOV Chairman on the €36 million Stewards loan: no comment
So, the Labour appointee and Bank of Valletta Chairman Gordon Cordina has no comment to make on BOV’s $36 million loan to Steward. I have sent a number of questions to Gordon Cordina to which he simply replied by saying that the bank can’t discuss the details of private clients. This is the first stint…
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BOV: lies, tricks and no solutions in sight
Last week I published a brief analysis of Bank of Valletta, took a look at its numbers and concluded that BOV is hoarding shareholder’s capital and is making an ever lower return on its increasing assets. A separate analysis by Fitch also pointed out the problem of low profitability despite increasing assets. Fitch decreased the…
