Bank of Valletta (BOV) has marked a milestone at its 51st Annual General Meeting, with shareholders approving a series of financial resolutions.

The most striking highlight was the approval of a record gross dividend payout of €0.2238 per share, amounting to €130.7 million – the highest dividend distributed by BOV in the past ten years.

In addition to the dividend, shareholders approved a Share Buyback Programme, which allows the Bank to purchase up to 2,800,000 shares (pre-bonus issue), aimed at enhancing trading liquidity. While still pending regulatory approval, the bank announced that more details on the buyback will be communicated in the coming months.

Furthermore, BOV will issue a bonus share to shareholders, granting one additional share for every ten shares held as of 26th June 2025.

Chairperson Gordon Cordina emphasised that these resolutions align with BOV’s commitment to sustainable profitability and balance sheet optimisation, stating that since 2020, the bank has generated over €520 million in shareholder value through dividends and share price growth.

The newly appointed Board of Directors at the bank will be chaired by Dr Cordina and includes a diverse mix of executive and non-executive directors: Nicola Angeli, Ingrid Azzopardi*, Christian Bonnici West, Diane Bugeja, Kenneth Farrugia, Anatoli Grech, Anita Mangion, Hadrian Sammut, Deborah Schembri, Jonathan Spiteri, Robert Suban, and Sue Vella*.

Directors marked with an asterisk are subject to regulatory approval, with their appointments becoming effective upon receipt of such approval.