Bank of Valletta to open London office

The bank said the move made ‘strategic and business sense’ and was in line with plants to strengthen its international reach

Bank of Valletta will be opening an office in London over the coming months, according to Deo Scerri, the bank’s chairman.

“Having a presence in London makes strategic and business sense for Bank of Valletta,” said Scerri, during a visit to the UK capital. “We feel that this move is in line with our plans to strengthen the Bank’s international reach and elevate the visibility of the bank in strategically important locations.”

Scerri was accompanied by Kenneth Farrugia - the bank’s Chief Business Development Officer - as well as the chief officer of the BOV Fund Services, Joseph M. Camilleri. During their visit, they paid a visit to the premises which will serve as he bank’s base in London.

Kenneth Farrugia explained that BOV’s decision to open new offices in London, was a natural “extension to the existing offices currently in operation in Milan and Brussels”.

“Through this Office, the bank is confident that it will be able to tap new opportunities. Our representative offices were originally set up to support pockets of Maltese emigrants settling overseas in countries like Canada and Australia,” said Farrugia. “The BOV Group has today realigned its strategy for its representative offices, and presently they serve to support European investors and businesses, interested in broadening their horizons, and looking at Malta to do so.”

The BOV Representative Office in London will be the fourth in the Bank’s network of offices which includes offices in Belgium, Italy and Libya. The new BOV Office in London is expected to start operating by the first quarter of 2018.

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