issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . september 2011 learn how and when to remove this template message a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . october 2011 learn how and when to remove this template message this article relies largely or entirely upon a single source . relevant discussion may be found on the talk page . please help improve this article by introducing citations to additional sources . june 2012 the neutrality of this article is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . march 2013 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2011 learn how and when to remove this template message learn how and when to remove this template message bank of valletta plc type public limited company industry banking financial services founded 1974 1974 headquarters bov centre cannon road sta venera svr 9030 malta area served maltese islands key people john cassar white chairman mario mallia chief executive officer products retail banking commercial banking net income 64.45 mln 2014 1 total assets 8.2 bln 2014 1 number of employees 1 483 2014 subsidiaries valletta fund management website www.bov.com bank of valletta bov is maltese bank and financial services company with headquarters in santa venera . it is oldest established financial services provider in malta and one of the largest . as of 2014 the bank had 44 branches 6 regional business centres a head office and a wealth management arm located around the maltese islands . 2 it has representative offices in australia in victoria belgium in brussels libya in tripoli and italy in milan . contents 1 operations 1.1 bank atms 1.2 virtual cards 1.3 subsidiaries 2 history 3 references 4 further reading 5 external links operations edit bank atms edit customers have access to automated teller machines atms around malta and gozo . the bov drive through atm was installed in 2010 the first in the islands enabling customers to transact banking services from their car . 3 4 virtual cards edit bank of valletta has issued ixaris systems ltd with ixaris mastercards and visa cards 5 after which in 2003 the founders of ixaris systems ltd a creator and operator of transaction based financial services recognized the need for an easy electronic payment solution that would offer everyone the ability to pay online and offline regardless of their location or credit worthiness 6 and so entropay was introduced as a safe and convenient way to pay wherever visa was accepted . subsidiaries edit valletta fund management limited est. 1995 is jointly owned by bank of valletta and insight investment management global a uk based asset manager . valletta fund services est. 2006 consolidating the capabilities of the bov group in the fund administration business . history edit with the advent of british rule in malta a group of english and maltese merchants established anglo maltese bank which commenced operations on 23 june 1809 . banco di malta was established on 1 may 1812 . anglo maltese bank and banco di malta began early on to issue their own promissory banknotes payable at sight at first in scudi denominations and subsequently in sterling . the third bank to be set up in malta was b. tagliaferro e figli which too was founded in 1812 . the fourth bank established in malta was josef scicluna et fils set up in 1830 . these four banks would eventually merge in stages to form what would be bank of valletta . anglo maltese bank and banco di malta merged in january 1946 under the name national bank of malta . in 1949 sciclunas bank affiliated to the newly established bank . twenty years after that i.e. in 1969 national bank of malta acquired 90 percent of the shares of tagliaferro bank the former b. tagliaferro & sons . in 1973 following a run on the national bank and its subsidiary tagliaferro bank the maltese government after parliament passed the national and tagliaferro banks temporary provision act 1973 . on 22 march 1974 the prime minister announced the setting up of the bank of valletta . the new bank took over the assets and liabilities of the national bank group and commenced operations on 25 march 1974 . the government injected lm3 .3 million equivalent to 7.7 million into the new bank in return for a 60 percent share of the capital . the malta development corporation took up the remaining 40 percent and in time sold 20 percent to the banco di sicilia and 10 percent to the maltese public . in 1986 the bank inaugurated its first overseas representative office . in 1990 the maltese government reduced its stake in bank to 51 percent by issuing and offering 4.9 million shares to the public . that same year bank of valletta launched its fully owned investment bank the subsidiary valletta investment bank . in 1992 bank of valletta international started operating . this wholly owned international banking subsidiary of the bank of valletta group was malta s first offshore bank . that same year bank of valletta became the first bank to be listed on the malta stock exchange . in 1995 bank of valletta and insight investment management limited established valletta fund management . in september 2000 bov set up its stockbroking arm bov stockbrokers limited bovsl . in time bank of valleta amalgamated bank of valletta international limited valletta investment bank limited card services limited and bovsl . bank of valletta continued to evolve its internationalisation through the opening of other representative offices in the euro mediterranean region though it closed the representative offices in cairo and tunis in 2011 . with malta s accession into the european union bank of valletta has become an active member of the european savings banks group . on 9 january 2014 a maltese court found that the shareholders of the national bank of malta had suffered human rights abuses when the government of malta had in 1975 forced them to sign away their shares for zero compensation . 7 on 6 february 2014 a maltese court again found that shareholders of the national bank of malta had their rights violated when their assets were taken by the government of malta . 8 the government of malta appealed these decisions buth the constitutional court of malta has now confirmed the judgements of the previous courts . shareholders will be able to negotiate a compensation package that is likely to involve bank of valletta shares . 9 references edit a b bank of valletta bov malta . retrieved 12 june 2015 . bov up inaugurates new centre . timesofmalta.com . february 12 2006 . 1 timesofmalta.com first drive through cash machine in malta . times of malta . retrieved 12 june 2015 . 2 ixaris 3 entropay national bank case court finds shareholders human rights were breached . times of malta . retrieved 12 june 2015 . mintoff s forcible take over violated national bank shareholders rights . maltatoday.com.mt . retrieved 12 june 2015 . government loses national bank appeal shareholders set to negotiate compensation . times of malta . retrieved 12 june 2015 . further reading edit consiglio john a. 2006 a history of banking in malta 1506 2005 . valletta progress press . frendo henry 2002 ports ships and money the origins of corporate banking in malta . journal of mediterranean studies 12 2 327 350 . external links edit bank of valleta entropay virtual card retrieved from https en.wikipedia.org w index.php title bank of valletta & oldid 743808208 categories banks of maltabanks established in 1974european investment bankshidden categories use dmy dates from april 2014articles with a promotional tone from september 2011all articles with a promotional tonewikipedia articles with possible conflicts of interest from october 2011articles needing additional references from june 2012all articles needing additional referencesnpov disputes from march 2013all npov disputesarticles needing additional references from september 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact 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