BOV launches Commercial Financing Traineeship to address skilled talent shortage in the sector

Bank of Valletta (BOV) has launched its first-ever Commercial Financing Traineeship. This initiative is supported by the BOV Academy and separate support when employees study with external bodies at different levels. .

The programme is designed to foster talent development by equipping employees with the knowledge and skills needed to excel in the bank’s credit function, particularly in the highly specialised area of business lending.  

The programme will provide intensive, hands-on training for employees, ensuring they are well prepared to meet the demands of the Commercial Banking sector. With a focus on both personal and professional development, participants will engage in mandatory training modules, assessments, and on-the-job experience, leading to opportunities for advancement into higher-level positions.

Chief Commercial Officer Simon Grech noted that this initiative addresses a challenge faced by the bank in terms of recruiting skilled talent for the commercial sector, described as a technical and a highly specialised area.

“This programme, developed in collaboration with our People and Culture team, is designed to create a sustainable pipeline of a prepared and qualified pool of people. We aim to ensure we have a steady stream of talent ready to step into these critical roles, keeping pace with the growth of the business,” he continued.

Speaking to the first group of trainees, CEO Kenneth Farrugia stated that over the past five decades the bank has built a portfolio of €3.2 billion, driven by the dedication of employees who provide “innovative solutions to corporate clients, SMEs, and micro-businesses.”

“This programme will ensure that we continue to meet and exceed customer expectations by cultivating a highly skilled workforce,” Mr Farrugia added.