BOV ‘well-positioned to pursue growth ambitions’ – CEO

Bank of Valletta plc CEO Kenneth Farrugia said the bank is “well-positioned to pursue our growth ambitions while maintaining a solid capital base,” following the successful uptake of the €25 million over-allotment option linked to its latest bond issue.

The issuance, forming the first series and tranche under the bank’s €325 million Euro Medium Term Bond Programme, had initially offered €100 million in 5 per cent unsecured subordinated bonds maturing between 2030 and 2035. This allocation was fully subscribed within days of the bond’s launch on 5th November 2025, prompting the bank to exercise the over-allotment option in full and raise the total issuance to €125 million.

“The strong investor response confirms our strategy and financial performance,” Mr Farrugia said, expressing gratitude to investors for their continued confidence. He also acknowledged the commitment of BOV employees, who “remain focused on delivering value to all the communities we serve.”

BOV Chairperson Dr Gordon Cordina echoed these sentiments, noting that the successful closure “highlights the strength of the bank, which holds a balance sheet representing a significant share of the Maltese economy.”

“We are committed to continuing to deliver long-term value to our shareholders, investors and stakeholders, and this issue is yet another initiative in support of this strategic thrust,” Dr Cordina concluded.