BOV reports profit before tax of €148.2 million for first half of 2024

The Group’s strategy to optimise the balance sheet continued to be centred on its core financing business and management of excess liquidity.

In the first half of 2024, the Bank of Valletta Group delivered a strong financial performance, with pre-tax profits of €148.2 million, representing an increase of 40.9% over the same period last year. The increase in profitability resulted from strong growth in interest income, and to a lesser extent, from net fee and commission streams,...