Issue link: https://maltatoday.uberflip.com/i/759501
maltatoday, WEDNESDAY, 7 DECEMBER 2016 11 Business Today www.creditinfo.com.mt info@creditinfo.com.mt Tel: 2131 2344 Your Local Partner for Credit Risk Management Solutions Supporting you all the way Staggering 22.4% traffi c growth for MIA Money Market Report for the week ending December 2, 2016 ECB Monetary Operations On Monday, November 28, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, November 29, and attracted bids from euro area eligible counterparties of €35.95 billion, €2.23 billion higher than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.00%, in accordance with current ECB policy. On Wednesday, November 30, the ECB conducted a three-month, longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average rate of the MROs over the life of the operation. The operation attracted bids of €3.27 billion from euro area eligible counterparties. The amount was allotted in full in accordance with current ECB policy. Also on Wednesday, November 30, the ECB conducted a seven- day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $1.33 billion, which was allotted in full at a fixed rate of 0.89%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 28-day and 91-day bills maturing on December 29, 2016 and March 2, 2017, respectively. No bids were submitted for the 28-day bills, while bids of €45.00 million were submitted for the 91-day bills, with the Treasury accepting €32.00 million. Since €27.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €5.00 million, to stand at €276.00 million. The yield from the 91-day bill auction was -0.388%, up by 0.3 basis point from bids with a similar tenor issued on November 17, 2016, representing a bid price of 100.0982 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Monday the Treasury invited tenders for 92-day and 274-day bills maturing on March 9 and September 7, 2017, respectively. BOV launches new Christmas campaign for BOV cardholders Bank of Valletta cardholders may win EUR500 vouchers redeemable at Forestals or Matrix outlets, through the BOV Cards Christmas campaign. This campaign runs between the 4th December 2016 and the 7th January 2017. Every customer who effects a retail transaction, with a minimum spend of €50, automatically earns a stake in a lottery. Speaking about the initiative, Mr Ivo Camilleri, Executive Electronic Banking at Bank of Valletta explained, "Paying by card offers the ultimate in convenience when shopping, dining and travelling during this festive season. Christmas is a time for giving, and through this campaign we would like to show our appreciation to our customers for their loyalty." Highlighting some of the key card benefits, Mr Camilleri mentioned peace of mind, efficiency and versatility. He also commented about the Bank's ongoing commitment to offer its customers simple and straightforward solutions for their day-to-day payment needs such as those embedded in the BOV Mobile Banking application. "In line with our strategy to be customer-driven, at Bank of Valletta, we seek to provide our customers with alternative payment solutions to complement their lifestyle. In addition to cards, BOV Mobile Pay is excellent when sharing expenses for gifts, or splitting bills when dining with friends". In this regard, he explained that BOV people across the retail network are available to show customers how easy and seamless it is to use both cards and the BOV Mobile App. The names of ten winners will be drawn on the 27th January 2017. They will be contacted by the Bank and asked a skill-based question to win a €500 voucher each. iMovo announces Talend partnership iMovo, the leading Analytics, Big Data and Customer Experience Management (CEM) company, has just announced a new partnership with Talend (NASDAQ: TLND), a global leader in cloud and big data integration software. Talend helps companies become data driven by making data more accessible, improving its quality and quickly moving data where it's needed for real-time decision making. By simplifying big data through these steps, Talend's open- source based solutions enable companies to act with insight using accurate, real-time information about their business, customers, and industry. Named a leader in Gartner Magic Quadrant for Data Integration Tools, Talend supports over 1300 enterprise customers across a range of industries, including Financial Services, Hospitality and Manufacturing. iMovo views this partnership as a significant but complementary step in distinguishing itself as the leading specialised player, helping companies develop powerful insights that enable management to take fact-based decisions and develop the right business strategies for growth. "Our partnership with Talend allows us to offer a broader spectrum of Analytics and Big Data solutions to address our clients' business needs and offer them choices of what tools and techniques fit them best. We are looking forward to work with organisations to help them address their data integration and governance needs in a more automated and efficient manner", said Pierre Mallia, iMovo Managing Director. Talend's (NASDAQ: TLND) mission is to connect the data- driven enterprise, so companies can operate in real-time with new insight about their customers, markets and business. Over 347,000 passenger movements in November, up 22.4% with signifi cant efforts to drive growth during shoulder months, resulted in 21% rise in seat capacity The winter season opened on excel- lent footing at Malta International Airport, with November register- ing a staggering growth of 22.4% over the same month last year. This is by far the highest monthly increase for 2016, going on to displace March's 19% growth rate from the top spot. November's spurt augurs well for the key stakeholders in the industry's stepped up efforts, to ensure that the Maltese islands are an attractive, year-round holiday destination. This growth in passenger movements was recorded in parallel with an upturn of 17% in aircraft movements and an increased seat capacity of 21.3%. This increase partly stemmed from the airport's enhanced winter schedule, offering no less than 18 new connections for the season. Airlines were also more efficient in filling up the available seats, with November having registered a seat load factor (SLF) of 82.4%. In absolute terms, the airport gained more than 63,000 passengers over the same month last year. The airport's top five markets all grew by varying degrees and featured a newcomer. Belgium made an appearance in this list for the first time, following increased connectivity to Brussels. Outside of the top five markets, and in line with the airport's strategy to recoup traffic from the Iberian Peninsula, Spain continued to grow at an impressive rate. The Spanish market's 87% upturn resulted from the introduction of a twice-weekly flight to Valencia, increased operations to both Madrid and Barcelona, and Girona's extension into the winter period. November's results further enhance Malta International Airport's optimism for the winter period, as the airport focuses on welcoming 5 million passengers before the year is through.