Bank of Valletta Delivers €192.1 Million Pre-Tax Profit in Q1-Q3 2025

Bank of Valletta has demonstrated robust financial performance in the first nine months of 2025, posting a profit before tax of €192.1 million while surpassing the €16 billion mark in total assets. The trusted Maltese bank continues to strengthen its market position through strategic investments and enhanced operational capabilities.

BOV maintained strong momentum across its core business operations, with the loan book showing consistent expansion across all key segments. Commercial balances increased by 8.7% while retail lending grew by 13.2%, reflecting sustained confidence in the bank's lending capacity. Customer deposits maintained an upward trend, with continued inflows from both personal and corporate customers demonstrating strong market trust.

The digital transformation in banking remained a central focus for Bank of Valletta throughout the period. CEO Kenneth Farrugia emphasized the institution's strategic drive to advance its digital transformation programme, delivering enhanced convenience and financial agility for both personal and business customers. Investment in technology and talent acquisition increased costs by 15.6%, reflecting BOV's commitment to driving innovation, operational efficiency, and improved customer experience through higher levels of process automation and data-driven decision-making.

Bank of Valletta's CEO Kenneth Farrugia emphasized the institution's strategic drive to advance its digital transformation programme, delivering enhanced convenience and financial agility for both personal and business customers.

Asset quality continued to strengthen significantly, with the non-performing loans ratio declining to 1.9% as of September 2025—marking its lowest level in many years. This achievement reflects effective credit portfolio oversight and disciplined risk management practices.

Bank of Valletta launched several strategic initiatives during the period, including Malta's first regulated share buy-back programme and entry into the insurance intermediary market through collaboration with Mapfre Middlesea. The bank also received regulatory approval for an Unsecured Euro Medium Term Bond Programme of up to €325 million.

Chairperson Dr. Gordon Cordina highlighted the institution's resilience in navigating dynamic economic conditions, stating that performance demonstrates disciplined strategy execution with targeted investment in technology, talent, and product diversification. The Group remains on track to deliver full-year 2025 profit before tax between €215 million and €250 million.