BOV and Air Malta strengthen
long-standing business relationship
Bank of Valletta and Air Malta will be consolidating their excellent
business relationship by extending their corporate agreement for a further
period of three years.
Through the agreement, which will offer various advantageous terms on
banking services to Air Malta, Bank of Valletta will be recognised as
the airlines official banker.
The agreement was signed by BOVs Chief Officer Retail Banking,
Igino Xuereb and Air Maltas Group Head Treasury, Anthony Chircop.
On signing the agreement Mr Chircop stated that Air Malta is honoured
to have again signed a corporate agreement with BOV. He said that the
Bank not only offers a professional and efficient service with a wide
range of products that meet Air Maltas requirements but BOV also
has an ongoing service enhancement program to suit the Airlines
ever changing requirements. He concluded by stating that both Air Malta
and BOV have an important role in the growth of the local economy especially
in the tourism industry. While Air Malta contributes by providing flights
to almost all the European destinations, BOV plays an important role
by financing the infrastructure including hotels and ancillary service
companies so that tourism remains one of the pillars of Maltas
Speaking about this corporate agreement Mr Xuereb said that, "the
bank is proud to be associated with Maltas National Airline which
is also one of Maltas largest companies employing over 1,770 employees.
Air Maltas role is crucial for the travel industry and trade given
that it flies out to more than just the major cities in Europe. Such
an agreement provides for numerous business opportunities between the
bank, Air Malta and its respective employees. Furthermore, this agreement
also forms part of the Banks customer centric strategy, where
the bank is providing tailor made services according to its customers
The BOV and Air Malta Corporate Agreement also incorporates a number
of value-added benefits and specialised banking services for all employees
of Air Malta and its subsidiaries.