Issue link: https://maltatoday.uberflip.com/i/1469874
maltatoday | SUNDAY • 5 JUNE 2022 13 COMMERCIAL Ferrovault inaugurates Malta's only safe deposit box compound "AS local banks continue to re- consider some of their services, new opportunities have been created for private operators such as FerroVault's safe depos- it box service – a service which has fallen beyond most banks' risk appetite and has been dis- continued. The need, however, is still there and this is why we set up FerroVault in Malta," stat- ed Jeanne Borg, Director of Fer- roVault. FerroVault is a centrally located newly opened compound sever- al safe deposit boxes designed to offer a discreet and secure ser- vice to local, international, and corporate clients. "FerroVault follows a trend that happened in the UK where a sim- ilar model was set up after banks started to curtail and eventually discontinue their safe deposit services. In Malta, we noticed the same need since banks in Malta started discontinuing their safe deposit services or reducing their availability as they plan to phase out their services. In fact, our vault business model is based on a similar one operated in Lon- don's Mayfair," explains Jeanne Borg. "Our service is an improvement on what banks used to offer since our clients do not have limited access, they do not need to make appointments to come to the vault, we have longer opening hours and we provide compli- mentary insurance up to a value of €10,000." "Most importantly, we operate single key boxes which means that we do not have access to cli- ents' boxes as all keys are passed on to the client," added Jeanne Borg. Col Claudio Spiteri who is re- sponsible for the security aspect, explains how the service is gen- erating a lot of interest mainly due to the fact that it offers new levels of security beyond what the local market has been offered to date. Whilst the vault is protected by state-of-the-art security technol- ogy provided by Pincott Security, its management is conducted by Kavallier Security Services Ltd, two highly professional and re- spected brand names in the local provision of security solutions. Access to the vault is only pos- sible through the application of finger-print technology and with keys that are solely held by the safe deposit box user. Frank Salt Real Estate sponsors sailing boat used by persons with special needs FRANK Salt Real Estate are proud to have sponsored one of three specialised sailing boats purchased by Yachting Malta, purposely built to be used by persons with disability. These boats will be used in adaptive programmes run by the Malta Sailing Federation to provide unrestricted access to sailing for persons with a disability. 2022 is a critical year for Para Sailing as World Sailing seeks to get the sport reinstated for the Los Angeles Paralympic Games in 2028. Events around Para Sail- ing have increased around the World with five major Para Sail- ing World Championships tak- ing place around the world. "We thought it would be great for people with a disability to be able to experience the joy of sailing in the open sea in a pur- pose-built boat that allows for full safety and comfort", said Frank Salt Director Douglas Salt. The Hansa 303 boat is designed to accommodate sailors with disabilities. Since it caters for a wide array of disabilities, a sailor can find it particularly easy to adapt to it and comfortable to manoeuvre. The Hansa 303 is sailed in over 28 countries and is a recognised World Sailing Class. "The company is very con- scious and pro-active when it comes to helping out in the phil- anthropic arena", added Douglas Salt. "By sponsoring this boat, we hope to bring joy to many chil- dren, as they will have the op- portunity to practice the sport which they love". The inauguration was attended by Chairman Frank Salt, Direc- tor Douglas Salt together with other company directors; Chair- man of Yachting Malta John Hu- ber, Minister for Transport, In- frastructure and Capital Projects the Aaron Farrugia; Lydia Abela, President of Special Olympics Malta, as well as representatives of various sailing clubs in Malta.