€1.50
THURSDAY 3 DECEMBER 2020 • ISSUE 86
WWW.BUSINESSTODAY.COM.MT
PAGE 3
Editorial PAGE 7
THE SHADOWS THAT SHACKLE THE FINANCIAL SERVICES INDUSTRY
PAGE 5
PAGE 2
Debenhams
Malta stores to
remain open
following UK
chain's collapse
Restoring air
connectivity
crucial to post-
coronavirus
recovery -
Central Bank
report
PAUL COCKS
BANK of Valletta's top executives will
be able to receive bank shares in lieu
of performance bonuses after a vote at
the bank's annual general meeting last
week, even though shareholders have
not been paid an interim and final div-
idend for the past two years.
Bank chairman Gordon Cordi-
na told BusinessToday that the plan
was standard practice in institutions
abroad and that it had actually been
recommended by the European Cen-
tral Bank.
"is does not mean that anyone
will be getting any additional bonus-
es," Cordina said. "But going forward,
the Board (of directors) may decide to
reward executives that perform well
with shares."
Bank of Vallea intent on out-of-court selement in
€363 million claim by Deiulemar bondholders and
liquidators • Plans in place should BOV end up without
US correspondent bank in 2021
BOV approves share remuneration
plan for directors, top executives
BOV's AGM last week was held remotely
