Tag: Q1
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GDP grew higher in Q1 than last year backed by government expenditure
According to the latest NSO statistics, GDP growth for the first quarter of this year was recorded at 3.9%, with local demand consisting of up to 3.6% of the share and foreign trade at 0.3%. The figure is higher than the same quarter of last year, reaching a nominal value of €6.18 billion, and an…
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Permits for new dwellings higher by 40.5% in the first Quarter of 2026
Building permits for dwellings approved in the first quarter of 2026 were 40.5% higher compared to the same quarter of last year according to the latest NSO figures. The total figure amounted to 504 building permits with a total of 3,010 dwellings. The highest number of approved dwellings was registered in Sliema at 322 new…
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HSBC Malta’s profits continue to decline after bank winds down operations prior to CrediaBank takeover
HSBC Malta has reported a sharp decline in profitability during the first quarter of 2026 after the bank windied down its operations ahead of its sale to Greece’s CrediaBank. According to the bank’s latest interim directors’ statement, HSBC Malta registered a profit before tax of €21.3 million during the first quarter of 2026, representing a…
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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…
