Bank of Valletta plc - Settlement of the Deiulemar Litigation

On 3 May 2022, Bank of Valletta plc announced that it has reached an agreement with the curators of the bankruptcy of the Deiulemar Group whereby, without admission of any liability on either part, BOV will pay the sum of €182.5 million to the curators in full and final settlement of the disputes and of all claims that had been made by the curators against the Bank. BOV noted that following this development, it will be in a more secure capital position overall and will be better placed to carry out its business with confidence and sustainability.