HSBC Bank Malta is investing €2 million in a new contingency site in Fgura.

Following a very detailed assessment of the options available for such a contingency site, HSBC Malta decided to invest in its existing property in Fgura due to its location, size and structural capability. The building will be developed to accommodate a wider range of facilities, including 155 contingency workspaces. Work on the Fgura site is expected to be completed by June 2015.

Contingency sites are locations which are used as backup workspaces in cases of emergencies requiring the evacuation of staff from operational buildings.

Such sites ensure that business continuity is in place and, as a result, disruption to customers is kept to a minimum.

As part of the development of the Fgura building, the current branch will be relocated to Żabbar Road in Fgura. The new branch will be a fully automated operation with state-of-the-art ATMs and deposit machines.

Support customer service and teller services for the Żabbar Road branch in Fgura will be provided in the nearby branches of Żabbar, Paola and Cospicua.

The members of staff working in the current Fgura branch will be redeployed in other branches.

Existing Fgura branch account customers can continue to access their accounts and banking services from any branch of their choice in Malta and Gozo.

Meanwhile, the €13 million programme for the renovation of branches and installation of next-generation ATMs continues with the planned refurbishment of other branches in 2015.