Bank of Valletta’s Representative Office in London was inaugurated today by Prime Minister Joseph Muscat, accompanied by the Bank’s Chairman Deo Scerri, Chief Executive Officer Mario Mallia and Kenneth Farrugia Chief Business Development Officer.
The office was inaugurated in the presence of distinguished guests including Norman Hamilton, High Commissioner for Malta in London.
Dr Muscat congratulated Bank of Valletta for the important step. “Today’s event highlights the resilience of the banking sector in Malta which has one of the strongest capital bases across Europe.”
The Prime Minister went on to highlight BOV’s role in the Maltese economy and its support to international companies saying that, “Bank of Valletta has always been a key contributor to the Maltese economy, supporting key players in growing their business and leveraging on Malta. I am confident that this new milestone will see Bank of Valletta strengthening its profile on the international sphere, as well as on the local scene."
“The opening of this Bank of Valletta office in London shows how much the Maltese economy and its banking system have evolved in recent years. We have become increasingly outward-focused, adopting a more proactive approach in seeking foreign direct investment and strengthening our international reach”.
In his brief speech, Mr Scerri expressed his satisfaction that, “Bank of Valletta now has a physical presence in London, the cosmopolitan hub of financial services.” he explained, “Our presence in London is driven by the Bank’s corporate strategy which sees this office as an important link in our existing network of representative offices which make Bank of Valletta accessible to a wider customer base.”
The opening of this new office underscores the Bank’s interest in the UK market which is important for Malta within a European regional context. Dipak Chouhan will be responsible for the running of this office located at 1, Berkeley Street, London.