Bank of Valletta has launched a new and innovative service that allows customers to carry out transactions in Valletta Fund Management (VFM) Funds over the BOV internet banking platform.

“This innovative service, the first of its kind being offered by a Maltese bank, gives customers the opportunity to buy and sell shares in VFM funds, switch from one fund to another and set up personalised savings plans, through the BOV internet banking service,” said Valletta Fund Management general manager Kenneth Farrugia.

“This is a highly comprehensive, totally secure, straightforward and efficient service that will enable customers of the BOV Group to view their transaction history, monitor the daily prices of funds and obtain, at the click of a button, a valuation of their portfolio,” he added.

All these transactions can also be conducted through the bank’s customer service centre and telephone banking service, which all form part of the BOV 24x7 suite of products.

These new services continue to enhance BOV’s internet banking service that has been gaining in popularity ever since it was launched on the market. The regular introduction of new services underlines the bank’s efforts to be responsive to the market and add value to customers by seeking ways of making it easier for the customer to access a full range of banking and financial services through a variety of delivery channels.

Mr Farrugia pointed out that the introduction of these services was possible as a result of the synergies that exist within the BOV Group.

“Today, Valletta Fund Management has an unequivocal position in the fund management business in Malta. Managing and administering 41 funds made up of both proprietary business and third party mandates, Valletta Fund Management today has over $1 billion of funds under management and administration,” he said.

“The inter-dependencies that we can use through VFM being part of the BOV Group are now resulting in improved support for our customers, who are for the first time able to execute their investment decisions directly over the BOV internet banking platform,” said Mr. Farrugia. “More and more customers are seeking new ways of investing their funds. Giving them direct access to VFM funds through the BOV 24x7 services offers more flexibility and gives customers the opportunity to better manage their portfolio”, he concluded.

Further information about these and other functions of the 24X7 services can be obtained from any BOV branch or by calling the customer service number 2131-2020.