22 December, 2022

BOV Participates In Ġemma And MBA’s Pilot Project To Promote Financial Literacy Courses For Elderly


The Bank’s Training Centre in Gzira hosted a group of senior citizens who visited the premises during an activity organised by the Paola Local Council

Bank of Valletta, through its membership of the Malta Bankers’ Association (MBA), has actively collaborated in the MBA’s partnership with ĠEMMA in a pilot project to increase financial literacy among the elderly. The Bank’s Training Centre in Gzira hosted a group of senior citizens who visited the premises during an activity organised by the Paola Local Council. The group of 40 plus attendees were accompanied by the mayor Dominic Grima.

Noel Scerri, Head of the Bank’s Operations addressed the attendees during the morning session. They were shown educational clips intended to elicit discussions about modes of cashless payments and their related benefits, as well as precautions one can take to safeguard against third parties with malicious intent. “One can never overemphasise the importance of educating the market. We understand that the shift to cashless transactions may be daunting. That is why we organise such activities for small groups so that they can discuss with their peers and with us, air their concerns and familiarise themselves with the tools available”, said Noel Scerri.

This sentiment was corroborated by Rita Sammut Buontempo, Assistant Secretary General at the Malta Bankers’ Association, who was also present for the session. “It is critical that in today’s world of self-service banking, we ensure that nobody falls victim to the digital divide. Such sessions help in boosting the confidence of senior citizens and help them become more financial literate”, she said.

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly

Petra Marie Ellul-Mercer who is responsible for the Project Development at ĠEMMA gave a brief overview of the ĠEMMA programme that was set up in 2019 as a muti-stakeholder working group focusing on launching campaigns to promote awareness on retirement income and financial capability. Since then, ĠEMMA has among other initiatives, launched interactive calculators to help people manage their finances, collaborated in outreach events like this one, and drawn up resources for teachers and parents to disseminate such information.

In his conclusion Noel Scerri stated that “Bank of Valletta is an avid supporter of education in Malta. Considerable effort is made in supporting education programmes for various age groups. We organise numerous educational sessions relating to finances and investments, both for the general public and the business community. These dovetail with our commitment towards ESG, which will see the Bank taking a more active role in supporting continuous learning and upskilling, even more so for vulnerable groups.

All News

View All

13 March, 2023

Atlas Insurance Funds FIDEM Foundation’s Skill Up Project For The Em...

...

Learn More
06 February, 2023

Geoffrey Fichte To Succeed Simon Vaughan Johnson As HSBC Bank Malta CE...

...

Learn More
27 January, 2023

Visa Strengthens Its Support To Local Fintech Ecosystem By Expanding V...

...

Learn More
22 December, 2022

BOV Participates In Ġemma And MBA’s Pilot Project To Promote Financ...

...

Learn More

All News

View All

Sponsored Content

13 March, 2023

Atlas Insurance Funds FIDEM Foundation’s Skill Up Project For The Em...

...

Learn More

Sponsored Content

09 February, 2023

PwC Malta Acquires Megabyte Limited...

...

Learn More

Sponsored Content

06 February, 2023

Geoffrey Fichte To Succeed Simon Vaughan Johnson As HSBC Bank Malta CE...

...

Learn More

Sponsored Content

27 January, 2023

Visa Strengthens Its Support To Local Fintech Ecosystem By Expanding V...

...

Learn More

upcoming events

View All

Upcoming Events

28 March, 2023

Annual General Meeting

The Annual General Meeting of The Malta Chamber of Commerce, Enterprise and Indu...

Learn More

upcoming events

View All

28 Mar
upcoming event 28 March, 2023, 04:30 PM

Annual General Meeting

The Annual General Meeting of The Malta Chamber of Commerce, Enterprise and Industry will be held on Tuesday, 28th March at 4.30 pm.

Learn More