scroll to explore

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly

Credit & Financial Institutions

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly

by Bank of Valletta

27th December 2022

Bank of Valletta, through its membership of the Malta Bankers’ Association (MBA), has actively collaborated in the MBA’s partnership with ĠEMMA in a pilot project to increase financial literacy among the elderly. The Bank’s Training Centre in Gzira hosted a group of senior citizens who visited the premises during an activity organised by the Paola Local Council. The group of 40 plus attendees were accompanied by the mayor Dominic Grima.

Noel Scerri, Head of the Bank’s Operations addressed the attendees during the morning session. They were shown educational clips intended to elicit discussions about modes of cashless payments and their related benefits, as well as precautions one can take to safeguard against third parties with malicious intent. “One can never overemphasise the importance of educating the market. We understand that the shift to cashless transactions may be daunting. That is why we organise such activities for small groups so that they can discuss with their peers and with us, air their concerns and familiarise themselves with the tools available”, said Noel Scerri.

This sentiment was corroborated by Rita Sammut Buontempo, Assistant Secretary General at the Malta Bankers’ Association, who was also present for the session. “It is critical that in today’s world of self-service banking, we ensure that nobody falls victim to the digital divide. Such sessions help in boosting the confidence of senior citizens and help them become more financial literate”, she said.

Petra Marie Ellul-Mercer who is responsible for the Project Development at ĠEMMA gave a brief overview of the ĠEMMA programme that was set up in 2019 as a muti-stakeholder working group focusing on launching campaigns to promote awareness on retirement income and financial capability. Since then, ĠEMMA has among other initiatives, launched interactive calculators to help people manage their finances, collaborated in outreach events like this one, and drawn up resources for teachers and parents to disseminate such information.

In his conclusion Noel Scerri stated that “Bank of Valletta is an avid supporter of education in Malta. Considerable effort is made in supporting education programmes for various age groups. We organise numerous educational sessions relating to finances and investments, both for the general public and the business community. These dovetail with our commitment towards ESG, which will see the Bank taking a more active role in supporting continuous learning and upskilling, even more so for vulnerable groups.

Credit & Financial Institutions

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly

'Credit & Financial Institutions' Related News Articles

The INSIGHT Interview: David Power, CEO of BNF Bank

Sustainable Finance and the Impact on the Financial Services Sector in Malta

Bank of Valletta commemorates International Women’s Day

EU’s Green Taxation: Tackling Climate Change through Tax

The classification of cryptoassets under the new Markets in Crypto-Assets Regulation

Business Decisions that undermine the Compliance Culture – The MLRO Reporting Lines

Welcome to “Enterprise Innovation” ¦ 23 February 2023 at Salini Resort Hotel

Brussels forecasts 3.1% economic growth for Malta, second-highest in EU

BOV Managers Discuss Customer-Driven Strategies

More ATMs For BNF Bank Customers

Digital Operational Resilience for the Financial Sector

Bank of Valletta organises business breakfast on the Climate Challenges and Opportunities for Real Estate

Re-imagining BOV’s Naxxar Branch

CSB Group to exhibit at the Malta Stock Exchange Governance, Risk and Compliance Summit

Countdown to DORA: The Regulation applies from 17 January 2025

CJEU interprets compensation for recovery costs under Late Payments Directive

David Power appointed Chief Executive Officer of BNF Bank

Making Christmas Magical for BOV Families

Insight Newsletter – Issue 4 | 2022

BNF Bank wins Bank of the year for third year running

Malta Maritime Sector ¦ Progress Meeting

Malta Maritime Sector ¦ Consultation Session

BOV introduces a Voluntary Occupational Pension Scheme for its Staff

SiGMA Europe 2022 in Malta

BNF Bank announces winners of its FIFA World Cup Qatar 2022™ competition

Malta Maritime Forum ¦ Consultation Meeting

BOV REPORTS CONTINUED GROWTH IN ITS CORE BANKING BUSINESS

Malta’s Property Landscape discussed at a BOV Networking Event

BOV extends a hand to the Malta Society of Arts

BOV puts Ethics in the Limelight

High calibre international speakers for FinanceMalta’s 15th Annual Conference

BOV announces improved benefits on Motor Loans

BOV STAFF ATTEND TRAINING ON FUTURE OF RISK MANAGEMENT

H.E. Sheikh Feisal Bin Qassim Al Thani celebrates BNF Bank’s success in latest visit to Malta

PSD3 – Through the lens of the European Banking Authority

Malta – UAE ¦ Deepening Commercial Relations

BOV appoints Kenneth Farrugia as new Chief Executive Officer

Affordable financing to students through The BOV Studies Plus+

The Changes to the Structure and Competencies of the European Supervisory Authorities (ESAS)

The future of financial services in Malta

BOV ups its Pension Plans with Special Limited-Time Offer

Daniel Cutajar appointed Chief Technology Officer of BNF Bank

A first in Malta – Home Loans Online Solution launched by BOV

Bank of Valletta launches Student Offers for 2022

Corporate Governance: The Role of Different Stakeholders

BOV puts workplace pensions on the agenda at MHRA Quarterly Seminar

BOV Withdraws High-Balance Fee

BNF Bank marks listing on the Malta Stock Exchange with ringing of the bell ceremony

INSIGHT Interview: Alan Cuschieri, Founder of Moneybase

Member Spotlight: Fyorin

Member Spotlight: Exchange Capital Partners

Learn More About How a Custom Audit Approach Can Help Your Business.

PrimeGlobal Named Association of the Year 2022 at IAB Awards ¦ Winning in Business with Advisory Culture.

BNF Bank launches a Credit Card Campaign with chance to win once-in-a-lifetime World Cup experience

A Banking Regulator’s Perspective

Malta SUPERYACHT Symposium I 6th – 7th July 2022

BOV Management meets Shareholders at Information Session

BNF Bank continues to support literacy initiatives

Griffiths + Associates appoints the new Audit Director

BOV Asset Management launches the sixth reading of the Investor Sentiment Index for Malta.

MariMatch at Posidonia 2022 | 9 – 12 June

Bank of Valletta holds 48th Annual General Meeting

Member Growth Story: BNF Bank

Infocredit Group shortlisted as ‘Credit Information Provider of the Year ‘at Credit Awards 2022!

The Next Leap Forward: Succeeding through Change

The Business Cooperation on Blue Growth in Europe | May 10 – May 12, 2022

Creating Value from Emerging Trends in Business

Bank of Valletta announces €22.0 million profits for Q1 2022

14th International Taxation Conference l organized by the Malta Academy for Taxation Studies & the Malta Institute of Management l 3rd May 2022

Dr Jean Noel Cutajar appointed Chief Legal Officer of BNF Bank

Infocredit Group sponsors the Webinar “AML, Sanctions and Embargoes: Understanding the risks and learn how to mitigate them”, organized by FEBIS

Free Webinar from Infocredit Group: “Transforming Consumer Creditworthiness and Affordability with the help of PSD2”

Infocredit Group and MACM join forces to support the Maltese Business Community with Innovative Credit Risk Management and Compliance Solutions

Bank of Valletta and GWU sign new 3-year collective agreement

BOV announces strong 2021 financial results despite challenges