Bank of Valletta plc Logo

Bank of Valletta plc

ISIN: MT0000020116 | Ticker: BOV | LEI: 529900RWC8ZYB066JF16
Sector: FinancialsSub-Industry: Diversified Banks
Country: Malta

About Bank of Valletta plc

Company Description

The Bank of Valletta Group (the Group) comprises Bank of Valletta p.l.c. (the Bank) and two subsidiary companies namely BOV Asset Management Limited (BOVAM) and BOV Fund Services Limited (BOVFS). The Group also has two equity-accounted investee companies, MAPFRE Middlesea p.l.c. and MAPFRE MSV Life p.l.c. The Group’s principal activities are set out below.

The Group offers banking, financial and investment services and connected activities within the domestic Maltese market. The principal activities of the Bank comprise the following:

- The receipt and acceptance of customers’ monies for deposit in current, savings and term accounts which may be denominated in Euro and other major currencies,
- The provision of loans and advances to a wide array of customers, and
- The provision of investment services, covering a comprehensive suite of investment products and services that meet the customers’ needs throughout their lifecycle

Year founded

1974

Served area

Malta

Headcount

1,843

Headquarters

BOV Centre Canon Road, SVR9030 St Venera – Malta

Financial statements

Download as Excel
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 12,910,771,000.00 14,358,442,000.00
Property Plant And Equipment N/A 128,646,000.00 130,622,000.00
Intangible Assets Other Than Goodwill N/A 59,666,000.00 56,074,000.00
Investment Accounted For Using Equity Method N/A 111,999,000.00 145,501,000.00
Investments In Subsidiaries N/A 0.00 0.00
Deferred Tax Assets N/A 91,259,000.00 84,563,000.00
Cash and cash equivalents 3,968,868,000.00 3,950,672,000.00 4,818,144,000.00
Equity And Liabilities N/A 12,910,771,000.00 14,358,442,000.00
Equity 1,062,305,000.00 1,077,125,000.00 1,126,285,000.00
Issued Capital N/A 583,849,000.00 583,849,000.00
Retained Earnings N/A 388,522,000.00 434,721,000.00
Share Premium N/A 49,277,000.00 49,277,000.00
Liabilities N/A 11,833,646,000.00 13,232,157,000.00
Deferred Tax Liabilities N/A 6,186,000.00 6,717,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
Interest Income On Debt Instruments Held 23,287,000.00 22,384,000.00
Interest Income On Loans And Advances To Customers 166,995,000.00 172,429,000.00
Revenue From Dividends 219,000.00 1,447,000.00
Employee Benefits Expense 79,389,000.00 81,568,000.00
Depreciation Expense 8,412,000.00 8,430,000.00
Amortisation Expense 11,395,000.00 11,708,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 65,136,000.00 -18,856,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 65,136,000.00 -18,856,000.00
Profit Loss From Operating Activities 4,681,000.00 66,161,000.00
Profit Loss Before Tax 15,201,000.00 80,659,000.00
Income Tax Expense Continuing Operations 1,399,000.00 24,468,000.00
Profit (loss) 13,802,000.00 56,191,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Profit (loss) N/A 13,802,000.00 56,191,000.00
Cash Flows From Used In Operations N/A 321,621,000.00 1,175,792,000.00
Cash Flows From Used In Operating Activities N/A 295,040,000.00 1,157,101,000.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 562,000.00 0.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 0.00 20,000,000.00
Dividends Received Classified As Investing Activities N/A 219,000.00 2,443,000.00
Interest Received Classified As Investing Activities N/A 40,332,000.00 36,575,000.00
Cash Flows From Used In Investing Activities N/A -234,082,000.00 -281,934,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 1,704,000.00 1,919,000.00
Interest Paid Classified As Financing Activities N/A 6,457,000.00 5,776,000.00
Cash Flows From Used In Financing Activities N/A -79,154,000.00 -7,695,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -18,196,000.00 867,472,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 112,000.00 -250,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -18,308,000.00 867,722,000.00
Cash and cash equivalents 3,968,868,000.00 3,950,672,000.00 4,818,144,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Sign up and we will give you access!

Capital markets information

ISIN

MT0000020116

LEI

529900RWC8ZYB066JF16

Sector

Financials

Industry Group

Banks

Industry

Banks

Sub-Industry

Diversified Banks

Listed Stock Exchange

Malta Stock Exchange

Contact Investor Relations department

Stay up to date

Keep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.