This follows the temporary closure of the office when one of its employees tested positive for COVID-19. After the bank disinfected and disinfected the office, it was confirmed that it is safe to reopen. The bank announced that its offices will be completely sanitized and reopen as soon as they are safe for the safety and well-being of customers and employees. A contact tracing exercise is underway by health authorities, the bank said. The Bank`s financial services are provided by a network of 44 branches and representative offices in Malta and Gozo, as well as by a number of subsidiaries. In addition, it has built a global network of correspondent banks and opened representative offices in Australia, Belgium, Italy and Libya. Through these networks, the bank has built the backbone needed to serve its clients in international banking and business activities. The Bank of Valletta has announced that its legal office in St. George`s Square in Valletta is open again.
Bank of Valletta is currently rated BBB+ by the international rating agency Fitch. In addition, the Bank has implemented a risk management system in accordance with the Basel Memorandum of Understanding. BOV was established in 1974 as a result of an agreement between the Maltese government and the Malta Development Corporation. BOV took over the assets and liabilities of the National Bank of Malta Ltd, which was part of a group whose origins date back to 1809. In 1992, BOV became the first joint-stock company to be listed on the Maltese Stock Exchange, with 51.2% of BOV`s capital held by the Maltese government, 14.56% by Banco di Sicilia S.p.A. and the remaining 34.23% held by the general public. In 1995, the government offered 12,000,000 shares to the public, reducing its stake in BOV to 25.23%. In June 2006, Capitalia S.p.A. Banco di Sicilia S.p.A., 14.56% stake in BOV On 1 October 2007, Capitalia S.p.A. merged with UniCredito Italiano S.p.A.
by its creation. Currently, UniCredit S.p.A. is the other main shareholder with 14.45% of BOV`s shares. In December, the BOV Marsa branch had to close and be disinfected due to coronavirus cases attributed to the bank. Bank of Valletta p.l.c. has its legal headquarters in Malta and is active. The Bank is authorised by the Malta Financial Services Authority to engage in investment services activities and to act as a trustee. Bank of Valletta p.l.c. is registered as a tied insurance agent of MSV Life p.l.c., which is regulated by the Malta Financial Services Authority. Make sure your information is up to date. Plus, use our free tools to find new customers. Bank Valletta has announced that its legal department in Misraħ San Ġorg Valletta will be temporarily closed as one of its employees tested positive for COVID-19 today.
If you want to be the first to receive the latest news from Malta, download the Newsbook app here. The bank`s spokesperson said that while it regrets any inconvenience to its customers, it will continue to take all necessary measures in the best interest and safety of its customers and employees.