Addressing the annual managers’ conference of the Bank of Valletta Group, chairman Roderick Chalmers said that the journey of change embarked upon by Bank of Valletta several years ago will continue in a sustained, strong and unabated manner.

“The board of directors and executive management are committed to the continued growth of BOV, and we will continue to embrace change and challenge and to seek out opportunity, while investing in our people so as to sustain and improve our market position,” said Mr Chalmers.

He was addressing an audience of around 450 managers who make up the management team of the BOV Group, during a conference that reviewed the results of the financial year just ended and discussed the bank’s strategy and key group measures for the 2007 financial year.

Mr Chalmers said: “BOV is actively seeking to take advantage of opportunities in the market. New operations, such as the recent setting up of Valletta Fund Services and the BOV Trustee Services Unit, will contribute towards our sustained growth, and we are already seeing encouraging indicators coming from these areas.”

BOV chief executive officer Tonio Depasquale explained that during 2007, BOV will continue to establish itself as one of the best performing banks when compared to its European counterparts.

The conference was also addressed by the bank’s chief officers, who outlined the strategic priorities and targets for their respective areas of operation.