10 July, 2024
BNF Bank’s London Branch hosted June’s Malta Business Network event at its office in Mayfair. The event focused on the connections and investment links between Malta and the UK from a banking and investment perspective. The guests, hosted by BNF’s Chief Executive Officer David Power, came together to network and share business insights, opportunities and potential strategies, with the Malta-UK relationship serving as a common denominator and the intricacies of cross-border relations as a context.
“Malta and the UK have long enjoyed a strong economic partnership, underpinned by shared values and a mutual commitment to fostering business growth,” said David Power. “The UK has been one of Malta’s most significant trading partners, and our financial institutions have played a crucial role in facilitating this relationship and providing the necessary infrastructure to support cross-border investments, enabling businesses to thrive and economies to grow.”
“The UK’s departure from the European Union has introduced new complexities and market volatility, while ongoing adjustments and potential future changes continue to pose challenges,” he continued. “BNF Bank is well positioned to navigate these opportunities and challenges, adopting an agile, proactive and collaborative approach based on regulatory cooperation, investment in technology and strategic partnerships.”
BNF Bank London Branch Manager Andrew Woods highlighted the Bank’s position as the only Maltese bank operating a branch in the UK, offering clients assistance with their expansion plans in the UK through commercial real estate and deposits growth. “Finding the right financial partner for commercial real estate ventures is a crucial step in the success of a project – it’s not simply about securing funds but also about establishing a relationship that aligns with a project’s goals and the investor’s values. BNF Bank is exceptionally placed in this aspect, driven by the principle of customer-centricity.”
The Bank’s Chief Commercial Officer George Debono said “Malta’s profile as a financial centre is well acknowledged and BNF Bank is a key player in the local sector as one of the country’s core banks. Following a rigorous and challenging Third Country Branch application process, BNF is now also well set to become Malta’s bank of choice for cross-border business with the UK as well as UK based international investors that wishing to invest in Malta building on our reputation for strong customer relationships, regulatory compliance and forward-looking business vision.”
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