BOV foundation supports conservation of Giuseppe Briffa masterpieces

Two iconic paintings by Maltese master Giuseppe Briffa have been beautifully restored and reinstated at San Ġwann Parish Church, thanks to the support of the BOV Foundation.

The artworks, The Immaculate Conception within the context of the fall of humanity and The Annunciation of the Virgin by the Archangel Gabriel, were unveiled during a visit by Ernest Agius, Chief Operations Officer at Bank of Valletta, representing the BOV Foundation. He was joined by Charles Azzopardi, Head CSR at the Bank, together with PrevArti founder and lead conservator Pierre Bugeja and Parish Priest Fr Bertrand Vella.

The restoration project was entrusted to PrevArti, which carried out a thorough conservation process to address flaking paint, surface grime, yellowed varnish, and structural weaknesses. The treatment included paint layer consolidation, delicate cleaning, removal of overpainting, and fine retouching, all of which helped revive the rich detail and luminosity of Briffa’s original compositions.

“These paintings are more than devotional pieces—they are cultural treasures,” said Ernest Agius. “The BOV Foundation is proud to contribute to projects that safeguard Malta’s heritage and ensure these artistic works continue to inspire future generations.”

Pierre Bugeja remarked on the value of preserving Briffa’s legacy, noting that “These are historically and artistically significant works. Our aim was to respect the artist’s original vision while ensuring the paintings are structurally and visually sound for years to come.”

The project is part of a wider commitment by the BOV Foundation to invest in the cultural fabric of Malta, recognising that the conservation of sacred art not only preserves the nation’s artistic heritage but also reinforces a shared sense of identity and community. By supporting such initiatives through its dedicated Foundation, the Bank helps bridge the past with the present – ensuring that historical narratives, spiritual symbolism, and artistic mastery remain accessible and appreciated by all.

Fr Bertrand extended his appreciation to all those involved in the initiative, noting the renewed beauty and reverence the paintings now bring to the sacred space of the church of Our Lady of Lourdes in San Ġwann.

Bank of Valletta, through its Foundation and CSR programmes, remains committed to supporting the arts, culture, and the preservation of Malta’s historical and artistic legacy.

Energy investment a rising priority, backed by stronger business support

Energy and industry experts share their insights during EWA-MBB Workshop

The Energy & Water Agency (EWA) and the Malta Business Bureau (MBB) have partnered to support Maltese businesses in moving beyond quick wins and investing in long-term energy and water efficiency improvements that deliver lasting value.

During a half-day seminar industry experts discussed how to effectively present the business case for energy audits to senior management, with the aim of turning audit recommendations into concrete action. The discussion focused on demonstrating the financial benefits of efficiency investments, such as lower utility bills and reduced maintenance costs, as well as their positive environmental impact.

The workshop underlined the ongoing need for accessible funding opportunities and tailored technical guidance to support businesses in taking the next steps toward energy sustainability.

Ing. Charles Buttigieg, Chief Policy Officer (SSU) at EWA remarked that “This workshop is one in a series of workshops that were organised to help enterprise in their journey to make their business more sustainable. We acted on the feedback that we receive during meetings that we have with businesses, and we selected expert speakers to address common queries and challenges. Today’s workshop was designed to bring together energy auditors and chambers/associations who are in regular contact with our businesses and are thus in a key position to assist our enterprise”.

Addressing the workshop, MBB CEO Mario Xuereb stated, “We are all aware of the rapid pace of new EU legislation, particularly in sustainability. While these policies will bring environmental benefits, such as reduced emissions, we must also recognise the challenges they present for businesses. This includes the time needed to adapt, limited technical capacity, and the need for accessible funding. Today’s workshop is not just about EU policy and goals. It’s about how we can, in our respective roles, better support Maltese businesses.”

Participants also received updates on the latest funding opportunities available to businesses, as well as recent revisions to EU legislation on renewable energy and energy efficiency.

Improving energy efficiency is a cornerstone of the EU’s strategy to reach climate neutrality by 2050. It also plays a critical role in boosting business competitiveness through lower energy costs.

The event forms part of the EnergyEfficiency4SMEs (EE4SMEs) project, an EU LIFE initiative designed to support SMEs lower their energy consumption and costs. The workshop highlighted how energy audits can help businesses identify energy-saving opportunities and areas for improved resource efficiency.


The EE4SMEs project is co-funded under the EU LIFE Programme and supports SMEs in the accommodation, metalworks, and agri-food sectors. Support is offered through funding for energy audits, guidance on accessing other funding schemes, and training opportunities to help reduce energy use.

The project consortium consists of 23 partners working together to support companies across 10 countries. These include Malta, Belgium, Austria, Bulgaria, Cyprus, Estonia, France, Germany, Italy, and Spain.

New BOV branch opens in Mosta

Bank of Valletta has just opened a new branch in Mosta. Situated just a few meters away from its prior location, the new branch at 31-33 Constitution Street symbolises the Bank’s commitment to improving the customer experience and upgrading the service it offers throughout its branch network across Malta and Gozo. An inauguration ceremony was held to commemorate this occasion, presided over by BOV Chairperson, Dr Gordon Cordina, and the Bank’s CEO, Kenneth Farrugia.

The branch features full cash service facilities, a 24-hour lobby, and two ATMs, including a bulk-deposit ATM aimed at business clients. This five-storey branch includes soundproof meeting rooms to ensure client confidentiality, which remains one of BOV’s top priorities, as well as an archives and services area in the basement. It also incorporates sustainable features, such as the use of second-class water and intelligent lighting. Structural works, which took one year to complete, were carried out to enhance the building’s safety and accessibility.

The new branch is the tenth BOV branch to showcase the contemporary and modern aesthetic that defines the Bank’s Branch Renovation Programme. It has been designed with a strong emphasis on customer experience, carefully planned to foster a welcoming atmosphere, promoting both functionality and comfort.

During the inauguration, the Bank’s CEO, Kenneth Farrugia, stated that, “The new branch exemplifies our commitment to environmental, social, and governance (ESG) principles, and at the same time provides an enhanced and more personalised service experience to our customers. With 32 branches and 94 ATMs across Malta and Gozo, BOV remains the most physically present bank in Malta, reflecting our promise to keep the customer at the centre of everything we do. In parallel, we are currently taking forward a project that will see the Bank launch a new internet and mobile banking channel by the end of this year, which will provide our customers with a significantly enhanced suite of functionalities.

Together with our commitment towards customers, we are equally committed to providing our staff with the best possible work environment. We are making a significant investment in our people, and our modernised premises reflect this commitment towards staff well-being, creating a space that our branch staff can take pride in.”

Dr Gordon Cordina, Chairperson of BOV, said, “The community remains an important stakeholder of the Bank. We have always been closely connected with the wider community, and since our founding, we have played a significant role in the lives of most people in Malta. As one of the main pillars of the economy and society at large, we work hard to make a difference by empowering personal and business customers and supporting their sustainable growth. This new branch in the heart of the community will serve as an important centre-point for this growth.”

Present at the inauguration were Chief Personal and Wealth Officer Simon Azzopardi, Chief Operations Officer Ernest Agius and Branch Manager Claudia Chetcuti and her team.

Mismatch Between Training Expectations and Delivery

Malta’s workforce is undergoing a notable shift in training priorities, according to the newly published Training Practices in Organisations Report 2025, compiled by misco in collaboration with The Malta Chamber of Commerce, Enterprise and Industry. The report, now in its fourth edition, reveals changing expectations from both employers and employees when it comes to training provision, retention strategies, and skill development.

Download the full report here.

One of the most prominent takeaways is the emphasis on internal training as the preferred strategy to tackle skills shortages. Over half of employers (54%) and 42% of employees believe the solution lies in developing existing staff, rather than recruiting new talent.

The report also shows that soft skills training is increasingly linked to employee retention. A striking 80% of employees believe soft skills training helps them stay with an organisation — up 15% from last year. However, only 66% of employers share this belief, reflecting a 16% decline.

At the top of the list of missing capabilities in today’s workforce is decision-making, cited by 46% of employers and 34% of employees. Verbal communication and leadership skills also ranked high among the most lacking, underlining the importance of developing human-centric competencies in addition to technical skills.

The disparity is also evident in training coverage. While 68% of employers claim to prioritise junior and middle managers for training, only 50% of junior managers and 47% of middle managers confirm they received it.

Worryingly, 27% of employees reported receiving no training at all in the past year, and another 25% said no training is planned in the next six months.

Preferences around training type are also diverging. While 46% of employees prefer technical training, only 34% favour soft skills. In contrast, 59% of employers prioritise soft skills training, signalling a need for closer alignment between organisational training strategies and employee expectations.

The appetite for accredited training is on the rise, with 53% of employees now favouring officially recognised programmes — a 13% increase from the previous year. Still, 56% of employers maintain that accreditation does not make a difference, highlighting differing views on the value of formal credentials.
Lastly, the format of training delivery is evolving. Preference for in-house training increased to 36% among employees, while open programmes saw a decline. This suggests that we are moving toward more tailored, contextual learning experiences.

As Malta prepares for a future defined by digital transformation and changing workforce demographics, the report stresses the need for organisations to bridge these gaps. Aligning training investments with employee needs will be key to enhancing engagement, retention, and long-term business resilience.

A Broken System: Failures in the Construction Process Are Putting Lives and Malta’s Reputation at Risk

The Malta Chamber of Commerce, Enterprise and Industry expresses, yet again, its deep concern following the collapse of another building, this time in Paceville earlier this week. Though miraculously no one was injured, The Malta Chamber believes it is only through sheer luck that this did not end in tragedy. The incident occurred in one of Malta’s busiest and most frequented entertainment hubs, visited daily by large crowds of locals, tourists and workers. It is useless aspiring for quality experience-based tourism and aiming for ambitious spending targets as outlined in Vision 2050, if such critical issues are allowed to persist.

This latest structural failure is not an isolated event. It reflects a worrying pattern which confirms that we do not have a proper framework to do things safely. Whereas there are some developers and contractors that take all the necessary precautions, poor site management is the order of the day for others. The sector is also subject to weak pro-active enforcement. It cannot continue to operate in a state of exception where economic gain takes precedence over basic safety.

The Malta Chamber cautions that this reckless approach to property development poses a threat not only to lives, but also to country’s economic stability. Malta’s international reputation, particularly in the tourism sector, is at stake. Incidents like the one in Paceville send a damaging message to prospective visitors and investors, suggesting that Malta lacks commitment to safety. Year on year we hear about reforms and new initiatives – however, it is evident to everyone that the sector is not operating diligently.

We cannot afford another collapse. The Malta Chamber is urgently requesting prompt and decisive measures to rectify ongoing deficiencies in the sector and reestablish order and accountability within the construction industry. Laws, fines and penalties must be enforced effectively across the board in a coherent manner, with no exceptions and no oversights, and not remain on paper.

Transparency is also an essential pillar. The public should have access to real-time information on ongoing projects, enforcement actions and safety audits. Residents and tourists alike deserve to know that the places they frequent are safe and maintained to the highest standards.

This is not just about avoiding future tragedies and lives — it is also about protecting Malta’s long-term economic stability and international reputation. Without swift meaningful action, the current climate of negligence will continue to jeopardize lives, national trust, Malta’s economic stability and global standing.

The Malta Chamber stands ready to support government and regulatory bodies in building a more responsible and resilient industry. But the time for warnings has passed. What happened in Paceville must not be remembered as just another near miss — it must mark a turning point.

BOV supports the restoration of Żabbar historical treasures

Three priceless religious paintings – known as sottoquadri – from the Sanctuary of Our Lady of Graces Church in Żabbar have been beautifully restored with the support of Bank of Valletta. The paintings, two of which are by the renowned 20th-century Italian artist Giovanni Battista Conti, were officially inaugurated during a ceremony held on Saturday 31st May 2025.

The restoration is part of an ongoing commitment by the Bank to preserve Malta’s rich cultural and religious heritage. “At Bank of Valletta, we believe in giving back to our communities and safeguarding the artistic and cultural treasures that define us as a nation,” said Ernest Agius, the Bank’s Chief Operations Officer. “The paintings – The Sacred Heart of Jesus, Saint Paul, and Sacro Cuore – have deep spiritual and historical significance for the people of Żabbar, and we are proud to be part of this important project, restoring works of art that continue to inspire generations of both faithful and visitors.”

The Sacred Heart of Jesus, located at the Altar of Our Lady of the Rosary, was painted in 1949 by Conti. This vibrant work symbolises divine love, with Jesus shown with open arms and the Grand Harbour in the background – a touching nod to the community’s roots.

Saint Paul, found directly beneath the titular painting of Our Lady of Graces, reflects Żabbar’s historical devotion to the saint. Though the artist remains unknown, the sottoquadro is believed to date back to the early 20th century and holds a place of honour within the Sanctuary.

Sacro Cuore, another 1949 masterpiece by Conti, features the Virgin Mary with the child Jesus, both crowned and surrounded by celestial clouds – a tender depiction of divine royalty.

These intricate oil-on-canvas paintings were meticulously restored by the dedicated team of conservators at ASC Conservation Centre Ltd, under the direction of lead conservator and founder Amy Sciberras, a dedicated professional with a deep appreciation for sacred art. “This restoration was not just about reviving old paint – it was also about preserving stories, faith, and identity,” said Sciberras. “Conti’s works, in particular, are incredibly moving. His brushwork breathes life into each figure, capturing a timeless spiritual essence.”

Fr Roderick Camilleri, Parish Priest at the Sanctuary said, “We are truly grateful to Bank of Valletta for their continued support and to all who made this restoration possible. These paintings are true symbols of devotion and reminders of the deep roots of faith in our community,”

This initiative also carries added significance as the community marks the 50th anniversary of the tragic 1975 RAF Vulcan bomber crash – a poignant reminder of the strength and resilience of Żabbar and its people.

HSBC Malta Supports Career Development for Young Mothers at Servizz Għożża

HSBC Malta has reaffirmed its commitment to social responsibility through its collaboration with Servizz Għożża, a national support service for young mothers. As part of the Bank’s ongoing initiatives to empower individuals with financial and career skills, HSBC representatives have engaged directly with participants in a two-part career development intervention, focusing on CV writing, interview preparation, and mock interviews.

The sessions, held in collaboration with the Wellbeing Services Directorate, provided practical guidance to young mothers seeking to improve their education and employment prospects. The first session introduced essential skills for crafting effective CVs and preparing for job interviews. A follow-up session allowed participants to experience a mock interview process, where an HSBC representative joined a professional panel to provide real-time feedback and career advice.

Glenn Bugeja, Head of Corporate Sustainability at HSBC Malta, expressed the bank’s commitment to supporting young people in their career journeys. “At HSBC Malta, we believe that financial and career literacy are key to fostering independence and empowerment. Through our partnership with Servizz Għożża, we aim to equip young mothers with the necessary skills to secure employment and build a better future for themselves and their families.”

The career guidance team from Wellbeing Services Directorate, highlighted the positive impact of the initiative. “The sessions at Servizz Għożża have been incredibly engaging, with participants showing enthusiasm and a strong willingness to learn. Practical career guidance is crucial in giving them the confidence to take the next steps towards further education or training and employment.”

Servizz Għożża provides holistic support to young mothers, helping them navigate personal and professional challenges. HSBC Malta’s involvement forms part of its broader corporate sustainability efforts to enhance employability, financial literacy, and social inclusion across Malta.

Bank of Valletta’s role in a national maritime strategy

“The role and magnitude of the Maritime Industry in Malta is not appreciated enough and the National Maritime strategy currently in the works will help align the goals of all stakeholders and unlock its full potential.” This message was delivered by Kenneth Farrugia, Chief Executive Officer at Bank of Valletta during the Consultation on the National Maritime Transport Strategy conference organised by the Malta Maritime Forum.

Malta’s Maritime and Financial Services sectors have experienced remarkable transformation over the past decades. The maritime industry, once rooted in defence shipbuilding, has evolved into a thriving ecosystem supported by professional services, financial institutions, and a robust regulatory framework. Today, it contributes a growing double-digit share to the national GDP and holds vast potential for further expansion. Similarly, the financial services sector has advanced beyond traditional banking to offer cutting-edge digital solutions, positioning Malta as a leading hub for innovation and financial excellence.

“As Malta’s largest Bank of systemic importance to the economy, the Bank is playing a key transformative role in the Maritime industry by embedding a culture of ESG principles into its financial offerings. This strategic focus is helping to greenify the industry and support sustainable maritime operations,” continued BOV’s CEO.

Recognising the limited availability of shipping finance in Malta, Mr Farrugia revealed that the Bank is currently exploring the potential of syndicated financing within the maritime space. This initiative is being pursued in the wake of the recent modernisation of Malta’s maritime legal framework – paving the way for more flexible and investor-friendly financing structures.

“As an active supporter of the Malta Maritime Forum, Bank of Valletta continues to promote dialogue and collaboration among all the different stakeholders of this most important industry and we emphasise the importance of unity in driving sector-wide progress,” concluded Mr Farrugia.

BOV and curator Elyse Tonna announce call for contemporary artists

‘Moving with the wind, like waves’ – a contemporary exhibition at the Inquisitor’s Palace

Bank of Valletta and curator Elyse Tonna are inviting contemporary artists to participate in an open call for ‘Moving with the Wind, Like Waves,’ a contemporary art project culminating in a site-specific collective exhibition that will be held at the Inquisitor’s Palace in Birgu in November 2025.

The call is open for emerging and mid-career contemporary artists or collectives based in Malta between Saturday, 7th June 2025, and noon Tuesday, 1st July 2025. Artists are invited to submit conceptual frameworks for new, large-scale interventions that will be developed in dialogue with the curator and the site. Rather than proposing finished works, artists/collectives are asked to respond to the layered, often unseen qualities of the site, producing work that is site-specific, adaptive and embedded in context.

“Moving with the Wind, Like Waves is both a curatorial framework and a methodology – one that invites artists to engage with what often remains unnoticed or undocumented,” says Elyse Tonna. “The process values adaptability, attentiveness, and conceptual depth, encouraging artists to think with the site and propose work that resonates with its less visible layers. Contemporary art interventions on historic sites can open up new ways of relating to them – not through direct representation, but through gestures that uncover subtler meanings and connections.”

The initiative forms part of Bank of Valletta’s Corporate Social Responsibility programme, which continues to support the growth and visibility of Malta’s contemporary art community. Ernest Agius, Chief Operations Officer at BOV, states, “This contemporary art project highlights the Bank’s long-standing commitment to supporting the arts and fostering cultural dialogue in Malta. As a staunch supporter of local culture and the arts, BOV is proud to launch this exhibition, which promises to be a unique platform where artists can express themselves and bring contemporary art closer to the general public.”

The curatorial framework, full guidelines, and submission form are available here. Selected artists will receive curatorial mentorship, production support, and a project budget. The collective exhibition will be accompanied by a publication and public programme. For questions, applicants may contact the team on mwwlw.exhibition@gmail.com by 23 June 2025.

This contemporary art project is commissioned and supported by BOV and is being developed and curated by Elyse Tonna, a curator and architect whose interdisciplinary practice focuses on site-specific, research-led approaches to contemporary art.