The Ministry of Finance,
the Economy and Investment welcomes the results of
the stress testing exercise pertaining to Bank of
Valletta plc. This EU-wide exercise was conducted
by the Committee of European Banking Supervisors (CEBS)
in collaboration with the European Central Bank (ECB)
and national authorities. The exercise for Bank of
Valletta plc was carried out by the Central Bank of
Malta and the Malta Financial Services Authority in
collaboration with the bank.
The results show that
Bank of Valletta plc enjoys a strong capital
position even under the stressed conditions applied
by the exercise. Even though these results are to
be interpreted in a “what if” scenario, and in no
way represent a forecast of the performance of Bank
of Valletta plc, the Ministry notes positively the
results attained by the bank, which confirm the
strength and resilience of Bank of Valletta plc.
These results are
encouraging for the domestic banking system, which
has already shown its robustness throughout the
recent financial crisis. Moreover, these results
reflect favourably on the regulatory and monitoring
framework prevailing in Malta.
HSBC Bank Malta plc has
also undergone a similar stress test as part of the
HSBC Holdings plc, its parent institution. In
accordance with the criteria set by CEBS and the ECB,
the consolidated stress test exercise in this case
was conducted by the regulatory authorities of the
United Kingdom.
The results for Bank of
Valletta plc may be accessed through the websites of
the Central Bank of Malta and the Malta Financial
Services Authority, respectively as well as of the
bank itself.
Further information on
the EU-wide stress testing exercise and results of
other European banks is available on the websites of
CEBS and the ECB
