Month: June 2025

“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.

‘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.

The HSBC Malta Foundation has continued its long-standing commitment to financial education by delivering the fifth interactive workshop as part of its Financial Capability Project for mental health service users. The most recent session, held at Mount Carmel Hospital, forms part of an ongoing series tailored to the unique needs of individuals facing mental health and substance use challenges.

The latest session was delivered by Josef Camilleri, Head of Products and Distribution at HSBC Life Assurance (Malta) Ltd., and lead of the Climate Action Network Financial Literacy Programme at HSBC Malta. The session was conducted for a group of individuals currently awaiting admission to rehabilitation programmes, all of whom are receiving care from the Dual Diagnosis Unit. The participants, many of whom have experienced profound financial and social hardship, engaged enthusiastically in discussions around saving, spending priorities, and planning for the future.

Now in its ninth cohort, the project is designed to promote financial resilience and literacy among some of the most vulnerable individuals in society. The initiative focuses on interactive and informal sessions that blend practical tools with real-life examples, encouraging open dialogue and personal reflection.

“These sessions are a vital part of our commitment to supporting the wider community through financial education,” said Glenn Bugeja on behalf of the HSBC Malta Foundation “It’s always humbling to see how people—despite facing serious life challenges—show real willingness to learn, grow, and regain control of their finances.”

Ruth Bajada, Higher Allied Health Practitioner and Occupational Therapist expressed her appreciation for the continued collaboration: “These individuals have faced immense hardship, yet their openness and participation show the importance of these workshops. The fact that they are now thinking about saving and giving back to their families is a powerful testament to the impact of this project.”

In addition, a dedicated financial literacy session was organised for a group of Occupational Therapists.  Through the knowledge gained during this session, the occupational therapists will be better equipped to support participants in the various workshops they lead as part of their professional roles

The HSBC Malta Foundation has been supporting financial literacy initiatives across Malta for several years, with a focus on reaching underserved and at-risk groups. Future workshops are planned in collaboration with the National Mental Health Services to ensure the programme continues to reach those who need it most.