BOV among EU’s‘soundest’ banks

Bank of Valletta is expected to be amongst the ‘soundest’ among 91 EU banks that have undergone a stress test by the European Banking Authority (EBA).

The results of the stress tests are to be published next Friday, but finance ministers attending yesterday’s Ecofin meeting in Brussels have been given a preview of the results.

Speaking to MaltaToday, Finance Minister Tonio Fenech did not reveal the result, however he hinted that the result for BOV is “more than satisfactory.”

Contacted last night, senior BOV officials said that the EBA stress test report is expect to show that the bank is among the “soundest” within the EU. HSBC was tested on an international level and not on its local representation.

The test was carried out to assess the resilience of European banks to a hypothetical adverse scenario on a static balance sheet (as of December 2010), over a two-year time horizon.

Key features of the 2011 test include a new consistent capital benchmark of 5% core tier 1, and include clear disclosure of sovereign exposures.

The impact of existing mitigating measures which will strengthen the capital base at 2012 as a result of committed equity raisings and mandatory restructuring plans, announced and fully committed by 30th April 2011.

Management decisions and actions where necessary to strengthen balance sheets and additional mitigating measures which will serve to improve the capital position by end 2012.

The EBA will also publish relevant backstop measures for banks falling below the test threshold, and firms that may be deemed to be at risk.

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Forsi Chalmers, Depasquale u la bella companija tal PN fil bank issa iridu jigbru giehom wara l froga li ghamlu fil property fund. Issa lil dawk investituri li ma kienux experienced investors ,bellawlhom il fund u ghax ma kellhomx alternattiva accettaw l offerta tal bank, se jigu ikkompensati bid differenza? Issa xi nghidu ghal impjegati tal bank li qieghdin jahdmu taht pressure bis salrs targets, il collective agreement li skada f Dicembru li ghadda u ma giex iffirmat collective agreement gdid. Il bonus tal impjegati li kellu jithallas f Jannar li ghadda u ghadu pendenti. Il promotions b gustizzja li ilhom ma johorgu zmien. L ahhar promotions li hargu kienu ghal blue eyed boys ta Depasquale. U inbad xi nghidu ghal recruitment, li idahhlu l impjegati b kuntratt biss u jitfawhom il barra gimgha qabel jispicca t terminu tal kuntratt. Ghal dawn se iwiegnu Chalmers, Depaquale u klikka tal PN LI HEMM FIL BANK
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MELA MHUX BĦALLEWRO U L-UE GĦAX DAWK DALWAQT SE JISPIĊĊAW GĦALL-GRAZZJA T'ALLA ISSA JMISS LILL-FRANZA LI SE TFALLI. ARAW L-AĦĦAR AĦBARIJIET MILL-MEDIA INTERNAZZJONALI DWAR L-EWRO FUQ http://www.eupettydictators.webs.com/
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Anthony Haidon
Dear BOV, Glad you are well. I hope you found the money you took from us useful, us being the Valletta Fund investors, say for AirMalta, for example. How obvious it was from the start that the MFSA was defending you because of dependence on you be the government. But we know a place where the way by which you think you wriggled out of the predicament will not be looked upon kindly. So we will eventually meet again.
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Nippruvaw ingibu giehna issa wara il QASSATA TAL MANAGEMENT BOND FUND li ghamilna!!!