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).