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Bank of Valletta increases its branch opening hours

Bank of Valletta is pleased to announce that with effect from Monday 1 June 2020 it will be increasing its branch opening...

Izola Bank teams up with Fiorano Software on compliance

Malta's Izola Bank has chosen Fiorano Software to deliver PSD2 compliance and open banking capabilities for the financial institution. Fiorano PSD2 Accelerator will be fast-tracking Izola Bank's PSD2 compliance while allowing it to focus on its strategic goals and growth through innovative new services.

HSBC Malta CEO says ‘strategic considerations’ lead to closures, insists on...

HSBC Malta had gone through “strategic considerations” prior to deciding to close down seven of its branches in Malta, and merge the Balzan and Qormi ones into one “flagship” branch in Qormi. Business Malta sat down for a one-on-one session with HSBC Malta CEO Andrew Beane after the announcement, who insisted that role reductions will happen on a voluntary basis.

MBA appoints new Assistant Secretary-General

The Malta Bankers’ Association (MBA) has named Rita Sammut Buontempo as its new Assistant Secretary-General, taking effect on 23 September.

HSBC’s third internship programme educates 22 interns

HSBC's third summer internship programme in the framework of its Future Skills strategy has attracted 22 interns exploring the operations of the bank.

HSBC Malta’s pretax profit jumps 30% to €20.9m in H1

HSBC Malta’s pretax profit increased by 30% (€4.8m) to €20.9m in the first half of the year ending 30 June, as compared to the same period a year earlier. The results of 2019 benefited from the non-reoccurrence of a significant expected credit loss taken in 2018.

HSBC Malta names new commercial head, new risk chief

Joyce Grech was appointed Head of Commercial Banking at HSBC Malta, and Gerard Walsh as the bank’s new Chief Risk Officer, subject to regulatory approval. Ms Grech is succeeding Michel Cordina, who was recently named the Executive Director and Head of Business Development.

BOV supports the Kunsill Studenti Junior College

Bank of Valletta (BOV) has signed an agreement with Kunsill Studenti Junior College (KSJC) in order to show its support toward the organisation.

Computime Software sees gravity of AML monitoring

Computime Software’s Malta branch warns that anti-money laundering (AML) transaction monitoring can be strengthened with some elevated attention, such as deploying useful AML software and hiring and training compliance professionals, according to a blog entry by the company.

FIMBank vows support for FCIReverse platform

First International Merchant Bank (FIMBank) supports FCIReverse, an automated platform that allows members to on-board buyers and suppliers, in a what they tag as a “transparent and seamless manner” globally.

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