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   | BOV Marsa branches to merge
 Bank of Valletta announced yesterday that the operations 
          of its branch at Bridge Wharf, Marsa, will be merged with those of the 
          recently modernised and enlarged branch premises located at Racecourse 
          Street in Marsa. The merger, which will be taking place in the near 
          future, completes the Banks operational plan for the locality of Marsa. 
          The process involved the purchase of new premises at Racecourse street 
          with the objective of building a branch to the highest customer service 
          standards and that is centrally located as merits such an important 
          locality.
 The BOV Branch at Racecourse Street Marsa extends over two floors. On 
          the ground floor, customers can avail themselves of cashiering and local 
          banking services. The first floor is dedicated to private banking services 
          and to business banking. This layout is specifically designed to allow 
          for the provision of a personalised service to customers in a private 
          environment.
 The Branch is also equipped with a Cashlink ATM as well as Night Safe 
          facilities and Safe Deposit Lockers.
 In view of the merger, the human resources complement at the Racecourse 
          Street branch is being strengthened with the addition of a number of 
          employees currently deployed at the Bridge Wharf branch. The Branch 
          will also be in a position to offer a range of Investment Advisory Services 
          including Private Banking, Stockbroking, Fund Management and Life Assurance.
 Over the coming weeks leading up to the effective date of the merger 
          in December 2003, customers currently using BOV's services at BOVs 
          Bridge Wharf Branch are being informed on a personal basis of these 
          developments and are being assured of a seamless transition process 
          which will result in a higher quality service being placed at their 
          disposal.
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