Victor Rizzo Giusti elected new MBA chairman

At the recent Annual General Meeting of the Malta Bankers’ Association (MBA), Victor Rizzo Giusti (CEO, Volkabank Malta Limited) was elected as Chairman of the board of the association for the coming year

1 July 2010, 12:00am
by Charlot Zahra

1 min read

The other board members are Edward Cachia (APS Bank Ltd), Marcel Cassar (FIMBank plc), Tonio Depasquale (Bank of Valletta plc), Alan Richards (HSBC Bank Malta plc), Joseph Said (Lombard Bank Malta plc), Henry Schmeltzer (Mediterranean Bank plc) and Joaquim da Silva Pinto (Banif Bank Malta plc)

The combined balance sheet total of the MBA’s member banks as at the end of 2009 reached €40 billion, whilst total equity stood at €3.5 billion. The number of their full-time employees was 3,846.

The direct contribution of the banking sector to the local economy remains significant, with payroll last year amounting to € 106 million, taxation on profit on ordinary activities reaching €95 million, and dividends paid to resident shareholders amounting to over €41 million.

Loans and advances to customers during last year totalled €20.4 billion, with amounts owed to customers standing at €16.4 billion.

The MBA were composed of the following licensed banks: Akbank T.A.S., APS Bank Ltd, Banif Bank (Malta) plc, Bank of Valletta plc, BAWAGMalta Bank Ltd, CommBank Europe Ltd, Credit Europe Bank N.V., Deutsche Bank (Malta) Ltd, Erste Bank(Malta) Ltd, FIMBank plc, Fortis Bank Malta Ltd, HSBC Bank Malta plc, Investkredit International Bank plc, Izola Bank plc, Lombard Bank Malta plc, Mediterranean Bank plc, NBGBank Malta Ltd., Nemea Bank plc, Raiffeisen Malta Bank plc, Sparkasse Bank Malta plc, Turkiye Garanti