Bank of Valletta plc - Deiulemar Case Judgement

On 8 February 2022, Bank of Valletta plc announced that the Tribunal of Torre Annunziata has delivered its decision against the Bank for an aggregate amount totalling €370 million including legal interests and fees.

BOV will be appealing this decision in line with advice from its legal advisors. BOV also reassured the market that it is well capitalized and its operations will not be adversely impacted by the decision. In 2018, the Bank already held funds in excess of €363 million with an independent entity as a precautionary security.