Bank of Valletta plc was the best performing equity on the local market in 2024 as it surged by 21.1% to the €1.72 level. 

‎

The positive share price performance during the year led to BOV’s market capitalization to surpass the €1 billion level for the first time. 

The shares of BOV were also the most actively traded as €16.8 million worth of shares changed hands throughout 2024, which is 30% of the total value of all trades in local equities during the year. Out of 249 trading days, BOV only failed to trade during 9 sessions, making it also the most consistently traded equity on a daily basis. 

‎

In 2024, BOV also listed the single largest corporate bond on the local market of €100 million, which was oversubscribed. 

‎

The financial performance of BOV for the 9-month period ended 30 September 2024 was characterised by higher net interest income due to growth in its loan book and investment portfolio. This led to a record level of profits for the period of €147.3 million, which translates into an annualised return on average equity of 14.2%. The full-year results of BOV are typically published in March. 

‎

During the year, BOV paid net dividends totalling €0.1055 per share, which is the highest amount ever distributed in a single calendar year. 

‎

BOV was also awarded as the Company of the Year for 2024 by the Malta Stock Exchange. 

‎

“Meet Your Market” is issued for information purposes only and does not constitute personal investment advice or recommendation. The information is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Investing in securities may result in a loss of some or all of the capital invested.