Kenneth Farrugia reappointed Chair of Malta Bankers’ Association

Members of the Malta Bankers’ Association (MBA) convened for the organisation’s Annual General Meeting on 7th May, following which, at an election, Kenneth Farrugia, the incumbent Chair, was reappointed while Gino Farrugia was elected Deputy Chair for the upcoming two-year term.

Kenneth Farrugia is the Chief Executive Officer of Bank of Valletta and has served as Chair of the MBA since 2024.

Deputy Chair Gino Farrugia is Deputy Chief Executive Officer of Lombard Bank Malta plc and has been actively involved in the Association’s work as alternate Member (representing Lombard Bank) on the MBA’s Board, and before that as Chair of the MBA’s then Executive Committee.

Following his appointment, Gino Farrugia said that he looks forward to working alongside Kenneth Farrugia and the rest of the MBA’s members, to maintain the Association in active dialogue with all stakeholders and to achieve outcomes for the benefit of members and the wider community the industry serves.

The appointments form part of the MBA’s wider governance structure, which also includes a number of specialised committees and working groups supporting its ongoing work across the banking sector and generally within the wider financial services.

Commenting following the AGM, Kenneth Farrugia thanked the members of the MBA for expressing their faith in him for a further two-year term while underscoring the importance of continued cooperation across the industry.

He stated: “The strength of Malta’s banking sector lies in its ability to act collectively in support of a stable, resilient and forward-looking financial services environment. The MBA remains committed to fostering constructive engagement with regulators, institutions and stakeholders, while further strengthening collaboration among member banks on matters of shared importance.”

Kenneth Farrugia added that the Association will continue to play an active role in key thematic areas shaping the sector.

“We will continue contributing to discussions on financial literacy, digital transformation and sustainability, while supporting initiatives aimed at raising public awareness around financial scams, fraud prevention and cybercrime risks. These remain critical priorities for both the sector and the wider community we serve.”

The AGM also served as an opportunity for members to review developments affecting the banking sector and the MBA’s activities over the past year, including ongoing engagement with local and European stakeholders, as well as discussions on priorities for the months ahead.