Bank of Valletta

 (3.9; 7 ratings)
3.9 7
Business Focus
universal banking

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.

Services

personal banking
business banking

Area Served

MTMalta

Products

current accounts
deposit accounts
credit, debit, prepaid and charge cards
personal loans
mortgage loans
trade finance
business loans and finance

Account Currencies

EUEUR (Euro)
foreign currencies

Card Providers

VisaMasterCard

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Bank of Valletta can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

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.

Ways to Bank

Bank of Valletta delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Bank of Valletta
Profit_before_taxes of Bank of Valletta
Market Share of Bank of Valletta
Total Assets (2018)
12,094.44 mln EUR  (+2.78%)
Profit before Taxes (2018)
71.20 mln EUR  (-59.31%)
Number of Employees (2017)
1,636  (+7.77%)

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.

Credit Ratings

Fitch: BBB
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Bank of Valletta is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Depositor Compensation Scheme (DCS)
Covered Depositors
natural persons (Maltese and foreign)
legal entities (Maltese and foreign)
Covered Accounts
most types of deposits

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.

Contacts

Head Office, BOV Centre, Canon Road,, SVR 9030, Sta Venera, Malta
21312020
22753730
Website Languages
GBEnglish

Bank of Valletta is headquartered in Sta Venera.

Bank Identifiers

BIC (SWIFT)
VALLMTMTXXX
LEI
529900RWC8ZYB066JF16
MFI ID
MTCIVALL

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See Also

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