Bank of Valletta has announced an interim cash dividend of €0.0462 Gross per share (€0.03 net of tax), subject to Regulatory Approval.

The Bank said that this dividend which amounts to a gross payout of €26.9 million is the result of the financial performance of the BOV Group for the six months ending June 2023, where the Bank reported a profit before tax of €105.1 million, compared to a pre-tax loss of €72.1 million (restated) during the first half of last year.

BOV Chairman Dr Gordon Cordina expressed his satisfaction at this announcement. He explained that this dividend is the result of an in-depth analysis carried out by the Bank on forward-looking data.

Corroborating Dr Cordina’s comments, the Bank’s CEO Kenneth Farrugia stated that this dividend is evidence that the Bank is on the right track and is delivering solid financial performance.

Subject to regulatory approval, BOB said that the dividend is planned to be paid on Wednesday, the 6th of December, to those Members appearing on the Bank’s Register of Members, as maintained at the Central Securities Depository at the Malta Stock Exchange, as at the close of business of Tuesday, the 21st of November.

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