BNF Bank announced that David R Power has been granted regulatory approval as the bank’s new CEO, and will be replacing the current CEO Michael Collis starting 1st January 2023.
Mr Power brings with him extensive experience in the banking industry from several reputable jurisdictions.
The Malta Financial Services Authority (MFSA) has communicated its approval of Mr Power and will proceed to formally approving him upon the satisfaction of all regulatory formalities.
BNF Bank confirmed that no matter concerning Mr Power requires disclosure under Capital Market Rules 5.20.5 to 5.20.9.
Chairman Alfred Pisani meanwhile said the group will increasingly focus on profitability with a focus on regular dividends.
'The country has the potential to carve out specialised niches in the growing global market.'
Revenue for the year stood at €3.5 million, while equity strengthened to €29 million.
Maintaining a respectful, psychologically safe, and productive workplace during a highly polarised period