BOV Educational Clinic on Trade Finance Instruments

Bank of Valletta announced that it will be hosting an educational clinic on Trade Finance instruments on Thursday, 8 March at its BOV Centre in Triq ilKanun, Sta Venera at 1pm.

Speaking about the initiative, Carmel Borg, executive Trade Finance Centre at the bank said: “Trade Finance is a core activity of the bank earmarked to support one of the oldest forms of economic activity in the world. For decades, it experienced minimal changes, however over the last decades, like the rest of the banking world, it was impacted to a certain extent by the financial crises but to a larger extent by the political instability, particularly in the Mediterranean region.”

Trade finance has become more complex and demanding over the past decade, more so as prudential regulation is also impacting trade finance business. Thus Bank of Valletta, whose Trade Finance Centre won the award of Best Trade Finance Centre by Global Finance for six consecutive years, spurned by the positive response towards its Fami- ly Business Forum earlier this month, decided to host a clinic to share the knowledge of its workforce, who are specialised in this field.

The speakers lined up for the event are Carmel Borg himself, who heads the Unit and Mario Darmanin. With more than 50 years’ experience in the trade finance sector, the speakers will be giving an outline of the variables impinging upon the market, emphasising the importance of knowing the risks and taking the necessary measures to mitigate them.

The seminar is being accredited with three hours of structured CPE qualifying under the Core/Professional Development Board Accreditation rules.

Limited places are available to the event. Registration is confirmed on a first-come first-served basis. For confirmation of attendance, interested parties may send an email to smefinancing@bov.com. Further information regarding the agenda as well as registration can be found on www.bov.com