Be the first to comment!Bank of Valletta has planted 110 trees at Majjistral Park
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Bank of Valletta planted 110 trees at Majjistral Park representing a tree for every million in it’s record profit of €110.7 million for the financial year ended September 2012. This is 72% above the €64.4 million figure reported FY2011.
For the first time, the Bank said, its balance sheet exceeded the €7 billion mark, a significant achievement and an important milestone both for BOV and for Malta. The Board of Directors recommended a final gross dividend to shareholders of €0.13 per share which, taken together with the gross interim dividend of €0.06 per share paid earlier in the year, makes for a total gross dividend of €0.19 per share for FY 2012
For the event, the Bank’s Chief Executive Officer Charles Borg, was accompanied by the Bank’s green leaders who were dressed in green T-shirts and caps. Commenting on the Bank’s go green initiatives, Mr. Borg said, “With such a drive, propagating the green culture within Bank of Valletta has shown a significant shift on the staff’s mindset to promote and support the Bank’s vision and diverse portfolio. The activities take into account the environmental and social responsibility with the aim to reduce the harmful effects and carbon footprint in the environment.
“Our Bank is today synonymous with the largest Corporate Social Responsibility Programme in Malta having the Environment as its most high profile area. The case for environmental good practice is, ultimately, one for business efficiency and today, financial services brands are taking up the green agenda in a big way, seeking to incorporate environmental responsibility into their operations, both directly and indirectly.
“Tree-planting is important to effectively change our environment to a better place as it helps reduce some of the carbon emissions. BOV views climate change as a serious issue and remains committed to raising awareness. It is encouraging to see the Green ambassadors promote an environmentally-friendly culture and participate in such activities, Mr Borg concluded.”
