€1.50
THURSDAY 24 MARCH 2022 • ISSUE 148
WWW.BUSINESSTODAY.COM.MT
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BOV records €80.7 million
profit before tax in 2021
up from €15.2m in 2020
IZI Group looking
at a €135 million
investment in
next 10 years
MHRA backs
calls to remove
remaining Travel
Restrictions
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 23 Mar 2022
Number of Trades: 43
Turnover: €531,532.18
MSE TRX Index: 7,607.796
(Change: +0.054%)
Name 4.5% HIL UNSEC
MT0000941204 - Currency €
Last Traded 23 Mar, 2022
Price 100.250
Change 0.210
US Dollar 1.1004
British Pound: 0.83348
Japanese Yen: 133.19
Australian Dollar: 1.4682
Swiss Franc: 1.0247
7,463.94
-13.52
7,521.14 / 7,459.36
Value
Net variation
High / Low
0.17%
PAUL COCKS
BANK Of Valletta has reported €80.7
million in profit before tax for finan-
cial year 2021, up from €15.2 million
in 2020.
is figure translates into a pre-tax
return on equity of 7.3% (2020: 1.4%)
and earnings per share of €9.6 cents
compared with €2.4 cents in 2020.
e underlying operating perfor-
mance of the bank demonstrates a
resilient income stream with good
recovery from the impact of the pan-
demic in 2020 and growth in some
areas, partly offset by higher operat-
ing costs. e much stronger profit-
ability benefited from a net expected
credit losses (ECLs) release reflect-
ing better economic conditions rel-
ative to 2020 and individual client
asset improvements.
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