Bank of Valletta was founded in 1974. In 1992 Band of Valletta became the first public company listed on the Malta Stock Exchange. Bank of Valletta offers personal and business banking products and services insurance services as well as administration and management services to various types of investment funds.
Becoming a client of Bank of Valletta can be done in a few steps:
Due to regulatory requirements Bank of Valletta performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Bank of Valletta will ask him/her to provide the following documents: passport or ID card; bank reference; bank reference. For corporate clients Bank of Valletta will ask to provide corporate documentation as well as information about controlling persons. Bank of Valletta may request additional documentation or information depending on the case. Bank of Valletta performs client's identity verification via branch visit.
Bank of Valletta is the 1st largest bank in Malta in terms of total assets. In 2018 its total assets were 12 094,44 mln EUR, providing the bank with the market share of 42.44%. In 2018 the bank's profit before taxes was 71,20 mln EUR. Bank of Valletta had 1 636 employees in 2017.
Bank of Valletta is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).
Bank of Valletta participates in the deposit guarantee scheme of Malta. This deposit guarantee scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign) and covers up to up to 100,000 EUR per bank per depositor. Bank of Valletta is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.
Bank of Valletta is headquartered in Sta Venera.