BOV says 'progress' being made in making new USD correspondent banking arrangements
Massimo Costa
BOV’s last remaining US dollar correspondent bank, ING, due to terminate services in December, but bank says work to make alternative arrangements has progressed
BOV to launch digital wallet services in coming days
Karl Azzopardi
Bank of Valletta will be rolling out digital wallet services for its clients in the coming days, BusinessToday has learned
APS chief warns country’s reputation could trigger correspondent banks’ de-risking

As ING withdraws its BOV correspondent services, APS Bank CEO urges for preservation of Maltese financial services sector reputation

As ING withdraws its BOV correspondent services, APS Bank...

Banks not at par with government’s aspirations for financial sector, says PM

Joseph Muscat tells delegates at FinanceMalta conference that Malta’s banking institutions have to be developed further in light of rapidly evolving...

Joseph Muscat tells delegates at FinanceMalta conference...

[WATCH] MFSA strengthening contact with stakeholders, highlights efforts to improve efficacy

Recent organisational changes at the Malta Financial Services Authority will make the agency more proactive and allow it to operate in a more in-depth and...

Recent organisational changes at the Malta Financial...

MFSA issues warning about KONTOFX trading platform

KONTOFX, which claims to be a forex trading broker, is unlicensed and...

KONTOFX, which claims to be a forex trading broker, is...

Interest rates on deposits and loans fell in 2018, Central Bank report shows

Central Bank’s Annual Report for 2018 indicates interest rates on both deposits and loans to Maltese residents fell last year

Central Bank’s Annual Report for 2018 indicates...

MFSA issues in-principle approvals for VFA Agents

The 14 VFA Agents will serve as first level of defence for market integrity and...

The 14 VFA Agents will serve as first level of defence for...

APS Bank becomes plc as it prepares to strengthen capital base

The church bank has completed the necessary internal changes to become a public...

The church bank has completed the necessary internal...

MFSA updates industry on temporary measures in the event of a 'no-deal' Brexit

MFSA is to provide financial serices stakeholders with updates on applicable transitional measures, with the key objective being to ensure that licensed...

MFSA is to provide financial serices stakeholders with...

FIMBank announces USD10.2m after-tax profit for 2018

FIMBank Group's net operating results in 2018 more than tripled over 2017,...

FIMBank Group's net operating results in 2018 more than...

Passport fund head doesn’t exclude selling NDSF shares in Lombard Bank to public

NDSF chairman David Curmi says that selling the fund's shares to the public 'sounds nice' but would also raise questions connected to future...

NDSF chairman David Curmi says that selling the fund's...

Government plans to sell Lombard Bank share to strategic partner not public

Lombard Bank chairman Michael Bonello has claimed it was in the best interest of all stakeholders for the NDSF to divest its shares to the public, but a senior...

Lombard Bank chairman Michael Bonello has claimed it was in...

APS Bank registers €19 million pre-tax profit

APS bank announces all-round growth, €19m pre-tax profit and other record...

APS bank announces all-round growth, €19m pre-tax...