Bank of Valletta plc - Retirement Schemes

On 22 October 2019, Bank of Valletta plc issued an announcement in response to the article appearing on The Sunday Times of Malta dated 20 October 2019 and titled “BOV Plans to shed Staff”. The Bank noted that it has always had retirement schemes in place, and these ‘new’ schemes are a renewal of past schemes, with some added flexibility. BOV has no intention of shedding staff and will not be declaring any redundancies. The aim is to continue offering such schemes in order to ensure that the Bank is resourced with the skills it requires. In this respect, the Bank also noted that it is currently recruiting staff.