“BOV is fully engaged in the final preparations leading to the adoption to the euro as Malta’s currency on 1 January 2008. The preparations underway cover all the bank’s operations and involve extensive logistical preparations,” stated John Cassar Torregiani, Executive Head responsible for the euro changeover process at Bank of Valletta during a seminar for the bank’s management team.

Mr Cassar Torregiani also highlighted the important role BOV is playing in the national preparations leading to the euro changeover.

“We are also preparing for the delivery and eventual distribution of BOV Converters to all households later on this year. These BOV converters are intended to assist the public and facilitate the process of getting used to the new currency values,” said Mr Cassar Torregiani.

Pat Mc Ardle, Chief Economist at Ulster Bank who was responsible for the Ulster Bank Group Euro Communications Programme, the most extensive programme undertaken by an Irish bank, also addressed the seminar.