Bank of Valletta wins prestigious Bank of the Year award for 2015

BOV takes Bank of the Year award for Malta from FTs The Banker

Bank of Valletta won the ‘Bank of the Year Award 2015’ for Malta, the prestigious award from The Banker, the monthly banking title of the Financial Times.  

The award was presented to Charles Borg, CEO at Bank of Valletta by Brian Caplen, Editor of The Banker during an awards ceremony held at Hilton London Bankside Hotel in London. 

The Banker has been a trusted source of global financial intelligence since 1926 and the Bank of the Year Awards listing has become an international key indicator of financial performance. The accolade of ‘Best Bank’ for a given country is awarded by the global editorial team of The Banker after it scrutinises the banks’ data re their earnings, assets, Tier 1 capital growth and return on equity.

They also look out for banks that are setting new standards for their local industries by being innovative in harnessing new technology as well as finding cost-efficient ways of expanding their business, whilst investing in their community. The award for a single bank in every country is for the best overall performance and qualitative achievements.

In his first reactions upon receiving the award, the Bank’s CEO Charles Borg said, “We are delighted with this international recognition that underlines the strength of the BOV brand.” “2015 was an exceptionally challenging year that saw Bank of Valletta reporting to a new regulatory regime. Nonetheless the Bank’s performance was satisfactory, registering record profits of €117.9 million and delivering a strong performance across all business lines.

Concurrently we continued to strengthen the Bank’s infrastructure, ensuring its long-term sustainability, whilst also introducing new initiatives to bolster the overall customer experience, in line with our strategy to remain relevant to the changing needs of our customers as they move from one stage of their lifecycle to the next,” Borg said.

Borg dedicated the award to the Bank’s employees, whom he thanked for their unfailing commitment, dedication and professionalism.