Market News

The Treasury announced the issue of two hundred and seventy million Euro (€270,000,000) Malta Government Stock in any one or any combination of the following two stocks: subject to an over-allotment option of Euro 130,000,000 in the event of over-subscription. The price for each stock offered to retail investors shall be published through a Press Release […]

Marsamxett Properties Ltd, a subsidiary of Hili Ventures, has launched its conditional voluntary public offer for the remaining share capital of Tigné Mall plc. The company is offering €1.04 per share in a bid to buy the remainder of shares currently held by members of the public. Marsamxett Properties Ltd. currently holds just over 49.68 […]

On Wednesday morning, HSBC Malta issued a statement, announcing that HSBC Holdings plc (the majority shareholder) informed the Board of Directors that it will undertake a strategic review of its indirect 70.03% shareholding in the Bank. “The Bank recognises the important role it plays in Malta’s economy and society and is making this announcement in […]

During a meeting held on Wednesday, the Board of Directors of Lombard Bank Malta p.l.c. approved the Group and Bank interim condensed financial statements for the six-month period 1 January 2024 to 30 June 2024, the bank said in a statement. 2024 Interim Results – Highlights & Financial Performance The Lombard Bank Group registered a […]

Local McDonald’s franchisee posts €27 million pre-tax profit for first half of 2024. The 185 McDonald’s restaurants operated by Premier Capital across six markets attracted over 43 million patrons between January and June. The directors presented their interim report, together with the unaudited interim condensed financial statements of the Holding Company and its subsidiaries (the […]

German lender expects €430mn boost to profits after deal in one of the its longest-running legal disputes. Deutsche Bank said it had reached settlements with 60% of claimants in the more than decade-long Postbank litigation and expects a €430mn boost to its pre-tax profit in the third quarter. Germany’s largest lender announced late on Wednesday […]

APS Group generated interest income of €56.0 million for 1H 2024, up by €6.4 million compared to the same period in 2023. The growth in interest income was across the main credit product lines – retail, commercial and syndicated loans – as well as the liquidity holdings of cash and treasury instruments. The Board of […]

BOV reports profit before tax of €148.2 million for first half of 2024 In the first half of 2024, the Bank of Valletta Group delivered a strong financial performance, with pre-tax profits of €148.2 million, representing an increase of 40.9% over the same period last year. The increase in profitability resulted from strong growth in […]

Democratic presidential candidate Kamala Harris hit the campaign trail this week after President Joe Biden dropped out of the race. Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipos found. That compares with a marginal two-point deficit Biden faced against Trump in last week’s poll before his Sunday exit […]

The Government of Malta will be launching a new issue of Malta Government Stocks:  – 3.40% Malta Government Stock 2027 (VI) Fungibility Issue (F.I.);   – 3.50% Malta Government Stock 2034 (III);   The Accountant General is offering an aggregate nominal amount of Euro 270,000,000 in any combination of the above Stocks subject to an over-allotment option […]

The Malta Financial Services Authority (MFSA) released its Annual Report, highlighting the stability and resilience of the Maltese financial services industry in 2023. The number of people employed in the local financial services sector grew by nearly 6,500 between 2019 and 2023 Financial Stability and Industry Strength Malta’s financial services sector is a major player […]

Hal Mann Vella Group p.l.c. has announced the issuance of €23,000,000 5.35% Secured Bonds maturing between 2031-2034, having a nominal value of €100 per bond issued and redeemable at par. Interest on the secured bonds will start accruing as from 26th July 2024. The period for the existing bonds to be exchanged to the secured bonds […]