The collective agreement signed on Wednesday between Bank of Valletta. and the Malta Union of Bank Employees covers all employees in the clerical and managerial grades.

It includes an excellent financial package with salary increases over a period of Three years tied to the bank’s and the employees’ performance. Innovative features the collective agreement include the introduction of alternative and flexible working arrangements, career break and medical health checks. BOV has also undertaken to consider subsidizing summer schools for children. Employees will also benefit from a better subsidy that will help them upgrade their cover under the health insurance scheme subscribed to by the bank.

The agreement was signed by Tonio Depasquale, CEO, Igino Xuereb, Chief Officer, Operations, Noel Scerri, Executive Head HR, Noel Vassallo, Manager Employee Development, Vanessa Borg, Manager Resourcing on behalf of Bank of Valletta. William Portelli, President, Sandra Clarke, General Secretary, Neville Bonnici, Secretary BOV Group Committee, George Scerri and Stephen Mizzi, BOV Group Committee Members signed on behalf of the MUBE.