Bank of Valletta has won the ‘Bank of the Year Award 2015’  award for Malta given by The Banker, the monthly banking title of the Financial Times. 

The award was presented to outgoing CEO Charles Borg, by Brian Caplen, editor of The Banker during an awards ceremony at Hilton London Bankside Hotel.

The accolade of ‘Best Bank’ for a given country is awarded by the global editorial team of The Banker after it scrutinises the banks’ data on earnings, assets, Tier 1 capital growth and return on equity. The board also looks out for banks that are setting new standards for their local industries by being innovative in harnessing new technology as well as finding cost-efficient ways of expanding their business, whilst investing in their community.  

Mr Borg said BOV was delighted with this international recognition that underlined its strength.

“2015 was an exceptionally challenging year that saw Bank of Valletta reporting to a new regulatory regime. Nonetheless the Bank’s performance was satisfactory, registering record profits of €117.9 million and delivering a strong performance across all business lines. Concurrently we continued to strengthen the bank’s infrastructure, ensuring its long-term sustainability, whilst also introducing new initiatives to bolster the overall customer experience, in line with our strategy to remain relevant to the changing needs of our customers as they move from one stage of their lifecycle to the next,” said Mr Borg.