Bank of Valletta said that it delivered a “robust performance” in the first nine months of 2025, achieving a profit before tax of €192.1 million and surpassing the €16 billion mark in terms of total assets.

The Bank reported that this period was marked by continued balance sheet expansion, enhanced asset quality, year-on-year growth in income from core operations and the successful launch of strategic initiatives, including a regulated share buy-back programme and entry in the insurance intermediary market.

It noted that “the Group remains on track to deliver a profit before tax for 2025 in the range of €215 million to €250 million, in line with previous guidance. Reflecting the Bank’s ongoing commitment to shareholder value, it intends to retain its policy of distributing up to 50% of after-tax profits, subject to prevailing market conditions.”

The Group registered a profit before tax of €192.1 million for the first nine months, underpinned by strong operating income, the Bank said. While profitability was 14.2% lower than the previous year, this result reflects the Bank’s strategic investment in its transformation journey, driving higher levels of process automation, data-driven decision-making, and digitalisation.

The Group’s operating profit amounted to €185 million, which was achieved through higher operating income of €365.1 million, with positive results registered both on Net Interest Income and Net Fee & Commission Income. Expenses increased by 15.6%, reflecting the Bank’s investment in talent and technology.

The Bank said that total assets grew by nearly €1 billion during the nine months, surpassing the €16 billion mark by September 2025. Lending activity remained strong, the loan book showing consistent expansion across all key segments with commercial and retail balances increasing by 8.7% and 13.2% respectively.

Customer deposits maintained an upward trend, with sustained inflows from both personal and corporate customers, reflecting strong market confidence.

Chairperson Dr Gordon Cordina commented on the Bank’s performance to date, stating, “I am pleased to see the BOV Group sustain its performance over the first nine months of the year, a testament to our commitment to sustained growth, prudent risk management, capital optimisation, and value creation for our shareholders.”

He added that, “we continue to navigate through the various challenges posed by an uncertain geopolitical landscape, interest rate movements by the European Central Bank, and international economic developments. Despite these challenges, our performance remains strong. Our results reflect the disciplined execution of our strategy, with targeted investment in technology, talent, and product diversification.”

Photo: BOV

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