BOND ISSUE CURRENTLY OPEN TO THE PUBLIC

Bank of Valletta (BOV) has hosted its first Investor Days in Malta, welcoming shareholders, customers, and financial community stakeholders to a discussion on the Bank’s performance, strategy and capital plans. One of the session was also live-streamed, enabling a broader spectrum of individuals to attend and engage with the speakers. The sessions included keynote remarks from Chairperson, Dr Gordon Cordina, Chief Executive Officer Kenneth Farrugia, and Chief Financial Officer, Kevin Cardona. 

The event also featured an expert panel discussion, including Anatoli Grech, Chief Compliance Officer, and Simon Azzopardi, Chief Personal and Wealth Officer. 

Opening the event, Dr Cordina reinforced BOV’s role in supporting Malta’s economic development and delivering sustainable long-term value to its shareholders. “These Investor Days represent an important step in strengthening our engagement with the market and reflect our commitment towards transparency and offering value to our stakeholders and the wider Maltese community.”

In his intervention, CEO Kenneth Farrugia outlined ongoing transformation efforts being made by the Bank to strengthen customer experience across both digital and physical channels, improve service delivery, and support lending growth while maintaining strong risk discipline. “We continue to grow with discipline and focus, supporting households and businesses while ensuring sustainable performance. These sessions offer our stakeholders the opportunity to understand the Bank’s trajectory and growth prospects.”

The financial update delivered by the CFO highlighted solid deposit levels, healthy lending activity, stable asset quality, and a carefully managed capital position. “Our financial position reflects consistent execution and forward-looking planning. We are strengthening resilience while maintaining the capacity to finance growth. Our capital strategy remains measured, disciplined, and aligned to long-term value creation,” commented Kevin Cardona.

A highlight of the BOV Investor Days was the focus on the Bank’s €325 million Medium Term Note programme and the first tranche of €100 million (up to €125 million) Subordinated Notes. The bonds carry a 5% coupon, mature in up to 10 years, and include an optional early redemption feature between years 5 and 10. The issue is open to the general public, with minimum applications of €10,000 for retail investors and €100,000 for institutional investors. The offer forms part of the Bank’s ongoing capital optimisation strategy to support sustainable balance sheet growth.

Given its features, the bond is classified as a complex instrument and may be difficult for potential investors to understand. As a result, it might not be suitable for all types of retail investors. The publication of the base prospectus and the final terms, and additional information are available at  https://www.bov.com/bond-prospectus. 

The encouraging participation of stakeholders in the Bank’s first Investor Days augurs well for the future and the Bank intends to build on this success with further investor communication sessions in future.