Bank of Valletta (BOV)
Bank of Valletta p.l.c. (BOV) was established in 1974. The Bank’s shareholders are the General Public with a 65 % shareholding, followed by the Government of Malta with 25% and UniCredit Group with a 10% shareholding. BOV is the largest financial institution operating in the Maltese Islands making it a systemically important Bank and falls under the direct supervision of the European Central Bank (ECB).
The Bank of Valletta Group comprises Bank of Valletta p.l.c. (the Bank), BOV Fund Services and BOV Asset Management. BOV Group also has an associated company, MAPFRE Middlesea Insurance p.l.c., and a jointly controlled entity, MSV Life p.l.c. The financial products and services offered by BOV Group are designed around customers’ individual needs, both personal and business. These include deposit- taking in Euro and other major currencies, personal and business short-to-medium and long-term financing, foreign exchange services, payment services, cards and self-service banking services, wealth management, investment banking, stock broking, trade finance, bancassurance, asset management and fund services.
Over the years, BOV has developed a retail multi-channel banking network that focuses around the individual customer’s banking needs according to a relationship banking model. The Bank services its customers through its 24X7 online platform and a a network of 36 branches, 5 agencies, 5 business centres and 6 investment centres across the Maltese islands. The Bank has developed a worldwide network of correspondent banks and has a network of representative offices in Belgium, Italy, Libya and the United Kingdom.