Finance
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BNF Bank Announces Resignation of Two Top Executives
BNF Bank’s executive team includes key professionals such as David Power, Managing Director and Chief Executive Officer; Mark Micallef, Chief Financial Officer; George Debono, Chief Commercial Officer; and Glen Smith, Chief Risk Officer. In a…
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Government Debt Soars by €1.09 Billion as Malta Slides Back into Deficit
Malta’s general government debt increased by €817.7 million in 2024, reaching a total of €10,648.4 million. This rise in debt is accompanied by a deficit of €825.3 million, equivalent to 3.7% of the country’s GDP.…
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Banking Union MUBE Expresses Concerns Over Hungarian HSBC National Business Banking
The Malta Union of Bank Employees (MUBE) has voiced serious reservations regarding the proposed Hungarian HSBC National Business Banking initiative. As a prominent banking union, MUBE is keenly aware of the potential implications of this…
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APS Reports €23.8m Pre-Tax Profit, Reflecting a €6.4m Decline Amidst Challenging Market Conditions
APS, a leading financial services provider, has announced its latest financial results, revealing a pre-tax profit of €23.8 million for the reporting period. While this figure is substantial, it represents a decline of €6.4 million…
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Higher Supervisory Fees: A Festive Surprise for Finance
Image Source: Shutterstock The festive season has brought an unexpected surprise for the financial services sector, as eight legal notices listing higher supervisory fees were published on Christmas Eve. This move is set to impact…
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Trump 2.0: A New Economic Vision for the Global Economy
Image Source : Business Standard Donald Trump’s second term, dubbed “Trump 2.0,” is expected to usher in a new economic vision for the global economy. The Trump administration’s policies, combined with the strategic oversight of…
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Dispute Erupts Between XNT Limited and FIAU: Key Insights
Image Source : FIAU A contentious dispute has erupted between XNT Limited, a brokerage firm, and the Financial Intelligence Analysis Unit (FIAU), with the firm warning that it will sue the FIAU for “millions of…
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Malta’s Rising Role in International Financial Services
Image Source : Finco Trust As Malta continues to solidify its position as a key player in the international financial services industry, the country’s growing sector is facing both opportunities and challenges. Chris Casapinta, a…
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Gaming Sector Growth: €1.3 Billion Revenue Surge
Image Source : Wezom The gaming sector’s remarkable growth and popularity have led to a significant increase in revenue, with the industry generating over €1.3 billion last year. This impressive milestone underscores the sector’s substantial…
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FIMA Tackles Skills Shortage in Malta’s Financial Sector
Image Source : Times of Malta FIMA, the financial services industry body, is taking proactive steps to address the pressing issue of skills shortage in the financial services sector. To tackle this challenge, FIMA is…
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