Bank of Valletta on Friday announced the introduction of the BOV Shareholders’ Club “with the intent of increasing shareholder value”.

The BOV Shareholders’ Club comes with a range of attractive discounts and benefits on various bank products and services, it said.

These range from better interest rates on term deposits, to reduced interest on personal loans, refunds on credit card fees and reduced charges on various investment products.

BOV explained that the level of benefits shareholders may redeem will be based on the number of BOV shares they hold.

The BOV Shareholders’ Club is divided into four categories – Silver, Gold, Platinum and Diamond. Owning just one share in Bank of Valletta will automatically put one in the silver membership. The higher the share amounts held, the higher the benefits.

“We believe it is opportune to give more value to the long-term investment of our shareholders, offering them a revamped package through which they can benefit. We designed this package with their profile in mind, basing it on the products and services that will be of more value to the shareholder community,” said Ruth Spiteri Longhurst, Company Secretary at BOV.

The launch of the BOV Shareholders’ Club pre-empts the Bank’s 47th Annual General Meeting, scheduled for Thursday 20th May 2021.

“Due to the current COVID-19 situation, the AGM will be convened remotely and streamed live through the Bank’s website,” said Dr Spiteri Longhurst. “Shareholders are entitled to vote at the AGM and can submit their questions prior to the meeting. Although we won’t have the opportunity to personally meet with our shareholders, we encourage them to follow the AGM proceedings via the live streaming.”

The BOV Shareholders’ Club Benefits can be viewed here.

For queries related to the BOV Shareholders’ Club, one can contact the BOV Investor Relations Office at [email protected].