A delegation of Austrian and Maltese executive and non-executive directors of Volksbank Malta Ltd recently paid a courtesy call on President George Abela.

The President welcomed Volksbank Malta chairman Winston Zahra, vice-chairman Werner Wess, managing director Herbert Skok and director Joseph Bugelli at the Palace in Valletta.

During the visit the President was briefed on the commercial activity undertaken by this Maltese bank with an Austrian background, in particular its contribution to the local economy.

Volksbank Malta, a fully-owned subsidiary of Österreichische Volksbanken AG, was set up in 1995 as an offshore bank and was converted into a fully-licensed local commercial bank in 2002. Since then the bank has offered its services to both Maltese and international customers.

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