Preparations underway for BOV to be present in London

Over the coming months, Bank of Valletta will be opening a new office in the London hub. This was announced by Deo Scerri, chairman of the BOV Group, during a recent visit to the cosmopolitan capital. In a statement, Scerri said: “Having a presence in London makes strategic and business sense for Bank of Valletta. We feel that this move is in line with our plans to strengthen the bank’s international reach and elevate the visibility of the bank in strategically important locations.”

The BOV chairman, who was accompa- nied by Kenneth Farrugia, chief Business Development officer and Joseph M. Camilleri, chief officer BOV Fund Services, made this statement while paying a visit to the premises which will serve as the bank’s base in London.

Farrugia explained that the bank’s decision to extend its touch points by opening new offices in London, is a natural extension to the existing offices currently in operation in Milan and Brussels. Through this office, the bank is confident that it will be able to tap new opportunities. “Our representative offices were originally set up to support pockets of Maltese emigrants settling overseas in countries like Canada and Australia. The BOV Group has today realigned its strategy for its representative offices and presently they serve to support European investors and businesses, interested in broadening their horizons and looking at Malta to do so.”

The BOV Representative Office in London will be the fourth in the bank’s network of offices which includes offices in Belgium, Italy and Libya (temporarily closed). The new BOV Office in London is expected to be operative over Q1 2018.