Bank of Valletta planted 110 trees at Majjistral Park representing a tree for every million in its record profit of €110.7 million for the financial year ended September 2012. 

“The Bank wanted to create a visual representation of this impressive amount, which is 72% above the €64.4 million figure reported FY2011.  We like the symbolism of planting something that will be there for years to come, as after all this is what our profits represent.

“Those trees represent the families we helped with home loans, the businesses that we helped to grow, the entrepreneurs that we believed in... Bank of Valletta is an important factor in the Maltese economy because of the credit that we make available, the opportunities that we give to those who wish to save or invest, the dividends that we give our shareholders, the millions in tax that we pay the government and the 1,600 households that we sustain through our employees,” Chief Executive Officer Charles Borg.

“We hope that this tree-planting can become an annual event, linking our performance to the creation of a lasting afforestation project.” said Kenneth Micallef, Head of the CEO’s Office who led the BOV Green Leaders Group in the tree planting event. He continued by explaining a number of green initiatives undertaken recently by the Bank with the aim of reducing its own carbon footprint, as well as supporting Nature Trust, which is one of the NGOs involved with the Majjistral Park.