BOV Directors and Executives pay courtesy visit to President Myriam Spiteri Debono

On Friday, Bank of Valletta (BOV)’s Chairman Gordon Cordina, CEO Kenneth Farrugia along with Directors, Executive Committee members and the Corporate Social Responsibility (CSR) team, paid a courtesy visit to the President of the Republic, Myriam Spiteri Debono.

This marked the first visit by the bank since the appointment of Dr Spiteri Debono as Head of State. During the visit, Dr Cordina highlighted the importance of fostering ties with the President’s Office.

“This will also help us in being a truly responsible corporate citizen, as we align some of our activities with those of the Office of the President in helping transform Malta’s future,” he said.

Dr Cordina continued that considering the size of the bank’s market share, and its direct relationship with the local economy, “BOV is considered to be of systematic importance, directly supervised by the European Central Bank, with onerous obligations and expectations from a regulatory perspective.”

Adding to the Chairman’s comments, Mr Farrugia noted the bank’s undertaking of societal contributions.

Looking at the bank’s 50th anniversary since it started serving customers, Mr Farrugia highlighted that BOV is commemorating the milestone in different ways.

However, he remarked that “one important aspect is through major CSR projects” that the bank implements throughout the year.

Here, he noted the collaboration between the bank and the Malta Community Chest Fund with whom it has been working closely with for decades. Last year, BOV raised over €53,000 from the L-Istrina BOV Piggy Bank Campaign.

On her part, H.E Spiteri Debono welcomed the visit and thanked the bank for its support towards the Malta Community Chest Fund.