During the official inauguration of the new Bank of Valletta (BOV) Business Hub at The Quad Central, Prime Minister Robert Abela, accompanied by Minister Silvio Schembri, described this investment as a strategic step that continues to strengthen financial services for businesses, while sending a clear message of confidence in the Maltese economy. Against an international backdrop of uncertainty and economic pressure, Malta’s stability remains a key element attracting investment.
Prime Minister Robert Abela said that this is not just a new job but a new vote of confidence, confidence in the bank, confidence in its people, and confidence in the direction our country is taking. He said that in a time of global uncertainty, geopolitical tensions and changes in technology and finance, stability has become a competitive advantage. He stressed that Malta has remained open to serious business, committed to reforms and determined to keep moving forward.
Dr Abela referred to the IMF assessment, which confirms strong economic momentum despite global risks. He mentioned the fact that the IMF recommended that the next Article IV consultation be held on a 24-month cycle instead of 12 months, which is a recognition of the responsible way in which our country’s economy is managed as well as a responsibility to remain disciplined, improve and strengthen our resilience.
He also made reference to Malta’s international role, especially in the financial and insurance sectors, with these sending a clear signal that capital is continuing to choose Malta, because Malta is offering certainty.
Bank’s Chief Executive Officer, Kenneth Farrugia, spoke about the function and vision behind this modern Centre. He explained that, “The commercial services we offer have evolved at a rapid rate, and therefore we felt the need to gather all the services under one roof, so that the business client is served in a more comfortable, efficient and integrated manner. This new Business Hub gives our clients central access, with parking facilities and a professional environment where they can meet our representatives and receive expert knowledge for all their financial needs. We also saw that we would be able to offer a full range of banking services on site, and therefore we have included a branch dedicated to commercial clients so that one can be served from the same location here at The Quad Central.”
Mr Farrugia added that the Bank is particularly proud that this new building is located in a LEED Platinum certified building, the highest level of global recognition for sustainable buildings. This, in his words, “represents our leadership towards modern environmental practices and reflects the Bank’s commitment to green, sustainable and community-responsible financing.”
BOV Chairperson, Dr Gordon Cordina said that with this investment, the Bank is sending a clear message of its commitment to quality. “This new Hub will mean better service for our customers, a better workplace for our employees, and a more sustainable impact on the climate and the environment. This appropriately complements the investments that the Bank is making in information and digital technology.”
The Chairperson continued to assert that investment in quality based on customer needs, in human resources, in technology and in sustainability is the recipe for the lasting development of our country, as embraced in the Malta 2050 Vision. “Bank of Valletta remains at the forefront in contributing through the projects it finances, with the work carried out right from this building.”
Photo: OPM/DOI
