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Bank of Valletta's USD Payments
09 Oct 2020

Bank of Valletta announces that it has been advised by Raiffeisen Bank International that it is seeking to terminate its US$ correspondence relationship with the Bank with effect from 31 March 2021.

The Bank is in discussions with Raiffeisen Bank regarding the ongoing correspondent banking relationship supporting US$ payments with a view to satisfying any concerns and restoring the position. BOV are also actively considering alternative routes to diversify the available channels for the payment of US$.

Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, Il-Belt Valletta VLT 1130.  Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).

 

 

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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).