Hon. Dr Joseph Muscat, Prime Minster of Malta has today inaugurated Bank of Valletta’s Representative Office in London. He was accompanied by the Bank’s Chairman Deo Scerri, Chief Executive Officer Mario Mallia and Kenneth Farrugia Chief Business Development Officer, in the presence of distinguished guests including Mr Norman Hamilton, High Commissioner for Malta in London.
Dr Joseph 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.”
In his brief speech, Mr Deo Scerri expressed his satisfaction that, “Bank of Valletta now has a physical presence in London, the cosmopolitan hub of financial services.” Mr Scerri 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. Mr Dipak Chouhan will be responsible for the running of this Office located at 1, Berkeley Street, London.