Prime Minister Robert Abela hailed the upcoming regeneration of the Bank of Valletta Centre in Santa Venera as a pivotal step in enhancing energy efficiency standards.
Speaking at the inauguration, Dr. Abela emphasized the importance of sustainability and quality in such projects, noting the financial sector’s responsibility to drive green investment. He questioned whether loan terms should differ for projects prioritizing energy efficiency over conventional builds, advocating for greener financial incentives.
Dr. Abela also linked the project to next year’s Budget priorities, highlighting the government’s new measure to contribute to private pensions for public sector workers. He described this as a step towards expanding Malta’s private pensions niche, which has been in development since 2016. The initiative aims to increase workers’ retirement income while fostering long-term savings funds that can be reinvested for national progress.
Marking the bank’s 50th anniversary, Dr. Abela expressed confidence in BOV’s ongoing commitment to quality and sustainability. CEO Kenneth Farrugia and Chairman Gordon Cordina echoed this sentiment, emphasizing the bank’s adaptability, including facilitating remote work for 40% of employees, and its continued focus on future-ready financial solutions.
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