BOV & IFSP sign strategic agreement to strengthen Malta’s financial services sector

Bank of Valletta (BOV) and the Institute of Financial Services Practitioners (IFSP) have signed a strategic agreement to further strengthen Malta’s financial services sector. This collaboration, formally endorsed by BOV CEO Kenneth Farrugia and IFSP President Nick Captur, will focus on knowledge sharing, professional development, and joint initiatives designed to advance the industry.

Through this partnership, BOV and IFSP will work closely to support and promote the interests of financial services professionals and organisations. The agreement aims to enhance skills and competencies across the sector, ensuring practitioners are well-equipped to meet evolving regulatory and market demands.

“Driving excellence and innovation within Malta’s financial services ecosystem has always been Bank of Valletta’s commitment,” said Kenneth Farrugia, BOV CEO. “As a leading financial institution, we recognise the importance of empowering professionals with the expertise needed to navigate an increasingly complex environment. By joining forces with IFSP, we are creating impactful opportunities for learning, growth, and thought leadership that will strengthen the sector and contribute to Malta’s economic progress.”

Nick Captur, President of IFSP, commented, “This partnership underscores the vital role of collaboration among key industry stakeholders in shaping the future of Malta’s financial services sector. By pooling our expertise and resources, we will deliver initiatives that not only enhance the sector’s resilience and competitiveness but also empower professionals to meet the challenges of a dynamic regulatory and global market landscape. The launch of the IFSP Directors Chapter, in collaboration with BOV, marks an important milestone in promoting good governance and training for directors.”

This strategic agreement represents a significant step forward in reinforcing Malta’s position as a leading financial services jurisdiction. By combining resources and expertise, Bank of Valletta and IFSP are committed to building a sustainable framework for professional excellence, regulatory compliance, and industry innovation with the aim to contribute to the long-term growth and competitiveness of the Maltese economy.