BOV CEO appointed to World Savings Banks Institute board

WSBI represents 940 savings banks employing more than 2.2 million people who serve over 600 million customers.

21 May 2012, 12:00am

1 min read

Bank of Valletta chief executive Charles Borg.

Bank of Valletta CEO Charles Borg has been appointed as a member of the board of directors of the World Savings Bank Institute (WSBI) for a three-year period.

The WSBI is the global representative of savings and retail banking, representing over 6,000 financial institutions in 89 different countries.

Founded in 1924, the WSBI now represents 940 Savings Banks from all over the world employing more than 2.2 million people who serve over 600 million customers. Assets of member institutions amounted to more than US $15.6 trillion at the end of 2010.

The mission of WSBI is to influence the standing, development and strength of all member institutions, so that they are perceived both domestically and internationally as proficient, efficient and responsible banking institutions.

Borg's appointment strengthens Bank of Valletta's position in the international finance arena.