The Malta Stock Exchange ( Maltese : Borża ta' Malta ), known as the Borża ta' Malta , is the stock exchange of the island nation of Malta . Since being set up in 1992, the Exchange has been key to the raising of capital for the private sector through the issue of corporate bonds and equity while virtually all the national debt of Government of Malta has been issued in the form of Malta Government bonds and treasury bills that are listed and traded on the secondary market.
20-677: The Maltese Second Division (also known as the BOV Second Division due to sponsorship reasons) was the third-highest division in Maltese football until 2020 when it was merged with the Maltese Third Division to create the National Amateur League . 13 clubs formed the league and each played every other club twice. Three points were awarded for a win, one for a draw and zero for a loss. At
40-469: A "hijack" by Adrain Busietta , as it created a number of controversies for those who had assets. The National Bank's liabilities were artificially inflated by 151% by the government in an attempt to make it appear as insolvent. The Government, injected Lm3.3 million (equivalent to €7.7 million) into the new Bank in return for a 60 percent share of the capital. The Malta Development Corporation took up
60-721: A consequence is directly supervised by the European Central Bank . With the advent of British rule in Malta, a group of English and Maltese merchants established Anglo-Maltese Bank, which commenced operations on 23 June 1809. Banco di Malta was established on 1 May 1812. Anglo-Maltese Bank and Banco di Malta began early on to issue their own promissory banknotes (payable at sight) at first in Scudi denominations and subsequently in Sterling. The third bank to be set up in Malta
80-537: A headquarters building but has a park named BOV Adventure Park that is located in Ta' Qali, close to the football stadium. It revamped in 2021. Malta Stock Exchange 35°53′42″N 14°30′42″E / 35.89500°N 14.51167°E / 35.89500; 14.51167 The investor base consists of over 75,000 individual investors, which is a significant number given Malta's economic size (GDP €8,796 million in 2015) and population (434,403 in 2016). The focus of
100-759: A post office and as a naval school, before it was taken over and extensively renovated by the Exchange. It has been known since then as the Exchange Building or The Borsa . The Exchange is located close to the Office of the Prime Minister at Auberge de Castille and the Upper Barrakka Gardens . In 2013, the Exchange achieved Designated Offshore Securities Market status by the U.S. Securities and Exchange Commission complementing
120-711: Is Simon Zammit. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union , as part of the Capital Markets Union proposed by the European Commission . The Exchange was established with the enactment of the Malta Stock Exchange Act in 1990, and commenced trading operations on 8 January 1992. The Central Bank of Malta
140-589: Is the oldest established financial services provider in Malta and one of the largest. As of 2014, the bank had 44 branches, 6 regional business centres, a head office, and a wealth management arm located around the Maltese Islands. It has representative offices in the United Kingdom , Australia , Belgium and Italy . BOV has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as
160-598: The government of Malta had in 1975 forced them to sign away their shares for zero compensation. On 6 February 2014, a Maltese court again found that shareholders of the National Bank of Malta had their rights violated when their assets were taken by the Government of Malta. The government of Malta appealed these decisions, both the Constitutional Court of Malta has now confirmed the judgements of
180-778: The Bank of Valletta Group was Malta's first Offshore Bank. That same year Bank of Valletta became the first bank to be listed on the Malta Stock Exchange . In 1995, Bank of Valletta and Insight Investment Management Limited established the Valletta Fund Management. In September 2000, BOV set up its stockbroking arm, BOV Stockbrokers Limited ("BOVSL"). In time, Bank of Valletta amalgamated Bank of Valletta International Limited, Valletta Investment Bank Limited, Card Services Limited, and BOVSL. Bank of Valletta continued to evolve its internationalisation through
200-582: The Malta Stock Exchange is to continue to develop and support the domestic market whilst attracting international companies to list on the Exchange, and enjoy the passportability within the EU that this brings. It has also invested heavily in the use of technology and uses the Xetra trading platform. The chairman of the board of the Malta Stock Exchange is Joseph Portelli, and the chief executive officer
220-630: The Third Division, to determine a place in the following season's Second Division. The following 13 clubs are competing in the Second Division during the 2018–19 season. This article about a Maltese association football competition is a stub . You can help Misplaced Pages by expanding it . Bank of Valletta Bank of Valletta plc ( BOV ) is a Maltese bank and financial services company headquartered in Santa Venera . It
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#1732797334521240-481: The bank is widely considered to have been orchestrated by the then government in an attempt to take control of the banking sector in Malta. On 22 March 1974 the Prime Minister Dom Mintoff announced the setting up of the Bank of Valletta. The new Bank took over the assets and liabilities of the National Bank of Malta, and commenced operations on 25 March 1974. The banking reform was described as
260-470: The end of the season, the top two teams were promoted to the First Division, while the bottom two were relegated to the Third Division. The team which placed third played a play-off against the third-last team from the First Division with the winner earning a place in the latter's successive season. The 11th-placed team in this league had to contest a similar play-off against the third-placed team of
280-672: The largest retail network on the island, with thirty six branches, one satellite branch and four agencies around Malta and Gozo. Furthermore, the Bank has Investment Centres and Business Centres offering specialised services. Finally, the BOV Premium Banking Centre hosts the Wealth Management arm and Corporate Centre. Bank of Valletta p.l.c. is the parent company of the Group, which comprises: Fully Owned Subsidiaries Associated Companies BOV not only has
300-500: The name National Bank of Malta. In 1949, Sciclunas Bank affiliated to the newly established bank. Twenty years after that, i.e., in 1969, National Bank of Malta merged with Tagliaferro Bank through an exchange of shares. In 1973, following a run on the National Bank of Malta and its subsidiary Tagliaferro Bank, the Maltese government after Parliament passed the 'National and Tagliaferro Banks (Temporary Provision) Act 1973'. The run on
320-618: The opening of other representative offices in the Euro-Mediterranean region, though it closed the representative offices in Cairo and Tunis in 2011. With Malta's accession into the European Union , Bank of Valletta has become an active member of the European Savings Banks Group. On 9 January 2014, a Maltese court found that the shareholders of the National Bank of Malta had suffered human rights abuses when
340-661: The previous courts. Shareholders will be able to negotiate a compensation package that is likely to involve Bank of Valletta shares. In 1992, the Bank became the first public company to be listed on the Malta Stock Exchange. Presently, 25% of the Bank's equity is held by the Government of Malta, UniCredit S.p.A. holds 10.20% and the remaining 64.80% is in the hands of the general public. The Group offers financial services both for personal and non-personal customers, including Retail Banking, Wealth Management and Investment Services, Capital Market Services, Fund Administration, Bancassurance and Card Services. Bank of Valletta p.l.c. operates
360-602: The remaining 40 percent, and in time sold 20 percent to the Banco di Sicilia and 10 percent to the Maltese public. In 1986, the Bank inaugurated its first overseas representative office. In 1990, the Maltese government reduced its stake in Bank to 51 percent by issuing and offering 4.9 million shares to the public. That same year Bank of Valletta launched its fully owned investment bank - the subsidiary Valletta Investment Bank. In 1992, Bank of Valletta International started operating. This wholly owned international banking subsidiary of
380-486: Was B. Tagliaferro e Figli, which too was founded in 1812. The fourth bank established in Malta was Josef Scicluna et Fils, set up in 1830. These four banks would eventually merge, in stages, to form the National Bank of Malta. This was done in order to have strength in numbers at a time when there was a fear that the government was after the private banks . Anglo-Maltese Bank and Banco di Malta merged in January 1946 under
400-588: Was originally appointed as the supervisor of the Exchange, a role now assumed by the Malta Financial Services Authority (MFSA). In 1999, the Exchange moved into the former Garrison Chapel building in Castille Square, Valletta. This iconic building was built in 1857 on the designs of T. M. Ellis, and was used as a multi-denominational place of worship until 1950. The former church was then used for entertainment purposes, as
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