BoV launches VFM Funds services on Internet banking

Bank of Valletta has launched an innovative service giving customers the facility to carry out transactions in Valletta Fund Management (VFM) funds over the BoV Internet banking platform.

"This innovative service, the first of its kind being offered by a Maltese bank, gives customers the opportunity to buy and sell shares in VFM funds, switch from one fund to another, as well as set up personalised savings plans, through the BoV Internet banking service," said Kenneth Farrugia, VFM general manager.

"This is a highly comprehensive, totally secure and straightforward and efficient service which will enable customers of the BoV Group to view their transaction history, monitor the daily prices of funds and obtain, at the click of a button, a valuation of their portfolio," added Mr Farrugia.

All these transactions can also be conducted through the Bank's Customer Service Centre and telephone banking service, which all form part of the BoV 24x7 suite of products.

Mr Farrugia emphasised that the introduction of these services was possible as a result of the synergies that exist within the BoV Group. "Today, Valletta Fund Management has an unequivocal position in the Fund Management business in Malta. Managing and administering 41 funds made up of both proprietary business and third party mandates, Valletta Fund Management today has over US$1 billion funds under management and administration," he said. For more information about these and other functionalities of the 24x7 services visit any BoV branch or call customer service on 2131-2020.