Current Affairs
105m Bank of Valletta new shares oversubscribed

The 105 million Bank of Valletta new ordinary shares, with a capital of €150 million, were oversubscribed, with the bank receiving more applications than its offer.

Bank of Valletta said in a statement that this was the biggest equity issue ever made in Malta, with the bank receiving applications amounting to almost €200 million – €50 million more than the offer.

BOV Chairman, Deo Scerri, said that this was an overwhelming vote of confidence in the bank by the existing shareholders and the market in general.

He added that with a stronger capital base, the Bank has not only exceeded its current regulatory obligations, but can continue to invest in the infrastructure and distribution channels that will drive its growth over the coming years.

Other News
Current Affairs

A Somali youth was imprisoned for 16 months for resisting police officers who searched him for drugs. During the search, the man fractured a sergeant’s finger. Bashir Abdulahi Ahmed was…

Current Affairs

Judge Jacqueline Padovani Grima will hear the civil case which the Nationalist Party initiated against the General Workers Union on the alleged breach of contract between the union and the…

Current Affairs

The compilation of evidence began in Court against two Libyan brothers – Siraj S.B. Shalgum and Husain Saleh Belgasem Shalgum – who are charged with the murder of Libyan Fouzi…

View More