13 December 2006

The Web
Business Today

BOV’s community investment for 2007

Bank of Valletta yesterday announced a community investment of Lm350,000 for financial year 2007 and launched its first Corporate Social Responsibility Report.
BOV Chairman Roderick Chalmers said that Bank of Valletta viewed the community investment that it commits from year to year as a very important element of Corporate Social Responsibility. “I am pleased to announce that the Board of Directors has approved a Community Investment Programme of Lm350,000 for the financial year 2007 – a programme that will see BOV investing 1.25% of its previous years’ (FY 2005) pre-tax profit in important and deserving community initiatives.”
Speaking about the publication of BOV’s first Corporate Social Responsibility Report, Chalmers said that this “underlines the Bank’s commitment to play a leading and effective role in the country’s sustainable development, whilst tangibly proving ourselves to be responsible and caring citizens of the community in which we operate.”
Chalmers explained that the BOV Community Programme for 2007 will be structured around seven major building blocks or “pillars”. “We will continue to position ourselves as the leading patrons of arts and culture in Malta, and to promote the rich artistic talent that Malta has to offer. We will also sustain our investment in the upgrading of Malta’s heritage sites, particularly through our direct involvement in the BOV Tarxien Temples project. Concurrently, we intend to continue supporting other prominent restoration projects including Palazzo Falson in Mdina and the Emvin Cremona paintings at Ta’ Pinu in Gozo.”

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