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The Bank's history can
be traced back to 1809 with the setting up of the Anglo Maltese
Bank. In 1812 the Banco di Malta and B. Tagliaferro & Figli were
established. Joseph Scicluna et fils - forerunner of Scicluna's Bank
was established in 1830. In 1946 the Anglo Maltese Bank and Banco di
Malta merged to form the National Bank of Malta.  see
more
In 1949 Sciclunas Bank became affiliated to the National Bank to
form the National Bank of Malta Group, in 1969 B.Tagliaferro and
Sons became part of the Group. On a very dark day in history, 1974
saw the Bank of Valletta take over The National Bank Of Malta
Assets. And from a 'Loss', re-opened for business one month later,
registering almost Lm1Million in profits only 9 months later, Lm43
million in Assets of the National Bank of Malta (NBOM) and 27
Branches in Malta and Gozo.
1973 National Bank Group
faces a run on the bank, spurred on by the Government
scaremongering. The Central Bank refuses to act as a lender of last
resort and blocks Barclays and other banks from supporting the
Group. see
more.....
1974 The Maltese
Government establishes Bank of Valletta (BV) to take over the
business of the National Bank of Malta. BV sells 9.6% of its shares
to the Maltese public.
In 1975, The Government
of Malta held 70.4% of the new Bank, whilst the Banco di Sicilia
acquired 20% shares from the Malta Development Corporation and the
Maltese Public 9.6%.....!
In 1992, Bank of Valletta, the parent company became the first
public company to be listed and its shares quoted on the Malta Stock
Exchange. In 1995, Bank of Valletta was privatised after Government
sold 12,000,000 shares to the public, rather than compensating the
NBOM shareholders as promised, thus reducing its stake from 51.2% to
25.2%.
As part of its privatisation programme the Government has indicated
that it will privatise its shareholding in the future. see
more....
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