Bank of Valletta's shareholders have approved one of the highest dividend payouts in recent years at the bank's 52nd annual general meeting. The AGM reflected on another year of solid financial performance and outlined the group's direction as it prepares for its next strategic cycle.

Shareholders approved a final gross cash dividend of €65.1 million from the end-of-year 2025 profits, with an additional special dividend of €10.4 million gross. This brings the total gross dividend distribution for financial year 2025 to €130.5 million, equivalent to €0.2032 per share.

Chairperson Gordon Cordina highlighted the bank's sustained performance in recent years and its continued focus on delivering long-term value. He noted that over the past three years, the bank has achieved record results in 2024 and maintained a robust performance in 2025, enabling it to significantly increase dividend distributions while sustaining strong capital and liquidity buffers.

Cordina also highlighted initiatives aimed at strengthening shareholder value, including the 'Share Buy-Back Programme', which supported market activity and liquidity. The bank's share price rose from €1.56 at the end of 2024 to €1.89 by the end of 2025, reaching €2.10 by March 2026.

CEO Kenneth Farrugia said the bank is entering its next strategic phase from a position of strength, with a clear focus on improving customer experience. He outlined plans to invest in strengthening customer access to the bank, ensuring resiliency and efficiency through technology, nurturing human capital, and sustaining long-term shareholder value.

Farrugia highlighted progress made in recent years, including the refurbishment of 11 branches and agencies, as well as the opening of a new business hub bringing together commercial banking services. He noted that the bank continues to invest heavily in innovation, empowering customers to self-service their needs from wherever they are.

During the meeting, Kelvin Camenzuli was appointed to the board, replacing Nicola Angeli who did not seek reappointment. The AGM has also reappointed Robert Suban for another term as non-executive director, and Gordon Cordina for a third consecutive and final term, in accordance with the bank's memorandum and articles.

The bank's priorities for the coming years include continuing to invest in improving customer journeys across all channels, strengthening cybersecurity capabilities, and making better use of data to deliver more seamless, secure and personalised services.