scroll to explore

Credit & Financial Institutions

BOV Withdraws High-Balance Fee

by Bank of Valletta

10th August 2022

Bank of Valletta announced that it will no longer be charging the high-balance fee on deposits to non-personal customers. The high-balance fee was introduced as a result of the negative interest rate scenario that was prevalent till end of July 2022. The fee has been withdrawn from the Bank’s tariff of charges as from 1st August 2022.

Mr Albert Frendo, Chief Business Banking Officer explained that, “the Bank is following and adapting to the evolving environment, ensuring that the changes in market dynamics are reflected in our pricing and business strategy. Concurrently, we are ensuring that the level of corporate deposits are sustainable and within the required parameters as reflected in our asset and liability management. Within such perspective, we make sure that any benefits resulting from market changes are immediately accrued to the customer, whilst effectively managing negative changes as much as possible.”

The Bank’s decision dovetails with other efforts being made in support of Maltese entrepreneurs. “Within an ensuing inflationary period, the Bank continues to ensure that it remains the key provider of commercial funding, underpinned by strong lending fundamentals and effective feasibility assessments to continue supporting sustainable economic growth in the various economic sectors that are driving the Maltese economy,” concluded Mr Frendo.

Credit & Financial Institutions

BOV Withdraws High-Balance Fee

'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

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

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

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