Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
  • ... >
Maximise Banner
Minimise Banner
next Previous
next Previous
  • Prepaid Cards
    Prepaid Cards are payment cards that are pre-loaded with a fixed sum of money...
  • to learn about my BOV Cards Loyalty Points
    It pays to pay with your BOV Premium Credit Cards. Find out how....
  • BOV Cards
    There are many reasons why you should use a card instead of cash.. security, peace of mind...
  • BOV Stockbroking
    BOV Stockbroking...
  • Get in touch with us
    There are many ways to get in touch with us. Choose your preferred method. We shall be at ...
  • Investor Relations
    Within this section you will find an expanding array of useful and timely financial and ot...
next Previous
next Previous
BOV Supporting Family Businesses within Tourism Sector
20 Dec 2018

Bank of Valletta together with the Malta Development Bank and Family Business Office have designed an innovative financing product to assist family businesses transfer their enterprise to the next generation.  This initiative, a first for Malta, was announced by Mark Scicluna Bartoli, BOV Executive, during the Malta Hotels and Restaurants Association’s third quarter review and annual conference.

Tourism, being Malta’s main source of income, requires strong local companies that are geared to meet the needs of this ever growing sector.  Most of these enterprises are family-run businesses which over time have developed into increasingly complex structures.

Mr Scicluna Bartoli stated, “Bank of Valletta has a strong affinity towards Maltese family businesses since they have solid ties to their business, and will back their company through the good and bad times.  However, the Bank’s experience in engaging with family businesses has shown that over-dependency on  one family member together with the lack of succession planning hinder the long-term sustainability of family businesses.   Through this tailored product, which offers a favourable interest rate and collateral terms, Bank of Valletta will assist  family businesses in financing the passing on of their business to the next generation.   Our Relationship Managers can direct the family business to undertake a succession plan so as to safeguard continuity and assist the business with the necessary financing to fulfil succession objectives.” 

The BOV Family Business Transfer Loan is to be launched during the first quarter of 2019.  Bank of Valletta in conjunction with MHRA will be organising workshops to provide further information on this initiative during the coming year.

In the meantime, information about succession planning of family businesses through ownership transfer can be obtained from BOV SME Finance Unit at or on 22751529.  Information about registering under the Family Business Act and other initiatives for family businesses can be found at

All loans are subject to normal bank lending criteria and final approval from the Bank.  Terms and conditions are available from  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).



Share this item:
Print page
My Guide has identified the following related material
next Previous
BOV Pjazza
next Previous
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).