Central Bank of Malta establishes foundation

Published by
Christian Keszthelyi

The Central Bank of Malta (CBM) set up a public benefit foundation entitled the Central Bank of Malta Foundation on 5 July, according to a press statement the CBM published today.

The foundation falls under the Voluntary Organisations Act, Chapter 492 of the Laws of Malta, as provided for in Second Schedule to the Civil Code, Chapter 16 of the Laws of Malta.

“The Central Bank of Malta Foundation, having an autonomous Board of Administrators, will be administering funds intended to support projects of national stature with lasting visibility relating to education, culture, scientific research, preservation of Maltese national heritage, and social causes,” the press statement says.

The first administrators of the foundation are as follows:

  • Chairperson: Marius J. Zerafa
  • Yosanne Vella
  • Marvin Formosa
  • Pauline Lanzon
  • Treasurer: Raymond Filletti
Christian Keszthelyi

Christian used to be the editor of Business Malta, the predecessor of Malta Business Weekly’s online platform. As an avid journalist and writer, he believes that good content has a great flow that seamlessly guides the reader from the beginning to the end. He knows that words have immense power, and ruthlessly edits his own copy when chasing perfection (although he knows an article is never ready.)

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