Financial accord opens way for joint initiatives

Bank of Valletta has just concluded a collaboration agreement with COFIB capital finances, a leading stockbroking firm in Tunisia.

The agreement will facilitate a number of joint initiatives within the corporate finance sector backed by the respective expertise and knowledge of both institutions.

A memorandum of understanding was signed by Bank of Valletta chairman Joseph Zahra and Slaheddine Ladjimi, COFIB's general manager, at BOV's Tunisia office.

COFIB specialises in primary and secondary equity markets, asset management, corporate advisory services and financial engineering. The firm forms part of Groupe Carte.

For the past two-and-a-half years, Bank of Valletta has been operating in Tunisia through a representative office. The office plays an important role in the bank's international strategy targeted at expanding its activity in the Euro-Mediterranean region.

"We continue to look beyond our shores and are establishing footholds in these markets as a platform for future expansion," Mr Zahra said.