The Malta Independent 7 June 2023, Wednesday
View E-Paper

Former Central Bank deputy governor resigns from BOV director board

Thursday, 27 April 2023, 13:29 Last update: about 2 months ago

Former Central Bank deputy governor Alfred Mifsud has resigned from his role as non-executive director of Bank of Valletta, the bank said in a statement Thursday.

The bank said that there were no matters concerning Mifsud or his resignation that warranted any disclosure in terms of the Capital Markets Rules. The resignation is dated 23 April.

Mifsud served as deputy governor at the Central Bank for two years between 2015 and 2017. He resigned after facing corruption allegations first published by assassinated journalist Daphne Caruana Galizia.

Earlier this year, he won a libel case on the matter, with Magistrate Victor Axiak ruling that while Caruana Galizia's intentions were not wrong, the court could not ignore the fact that the allegations were false and that they caused damage that was not minimal to Mifsud, who always denied wrongdoing.

Mifsud was chairman of Mid-Med Bank but resigned after the Nationalist Party was re-elected into government in 1998, after which the bank was privatized and sold to HSBC.


  • don't miss