BOV plans to expand operations in Libya

Bank of Valletta is actively looking at expanding its operations in Libya as stability continues to be restored.

CEO Charles Borg said when addressing the New Libya Forum the bank had already received new business requests from customers operating in the Libyan market

Mr Borg said BOV was the first bank to open a representative office in Libya in 2002 with a view to promoting trade between the two neighbouring countries and assist business transactions to and from Malta.

He said that throughout the conflict in Libya and since then, Bank of Valletta continued to retain its commitment to support its clients in a tangible manner.

He expressed confidence that the Libyan authorities were already in the process of putting in place a stable regulatory framework that would encourage and facilitate commercial transactions and confirmed that the renewed business interest that the bank was seeing was positive testimony in this regard.

(Source: Times of Malta)

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