BOV delivers €119.8 million first-half profit before tax

The BOV half-year results for 2026 show that Bank of Valletta generated a profit before tax of €119.8 million during the six months ending June.

Although this was below the €135.1 million recorded during the same period in 2025, the bank maintained a strong balance sheet and declared a substantial interim dividend.

BOV half-year results remain strong

Operating income reached €251.3 million, while total assets increased to €17.6 billion.

Customer deposits rose to €14.5 billion. At the same time, net loans and advances to customers reached €8.6 billion, reflecting the bank’s continued role in financing households and businesses.

The reduction in profit compared with 2025 was partly linked to impairment charges, negative movements in parts of the investment portfolio and the absence of certain positive one-off items.

Dividend declared for shareholders

BOV’s board declared a gross interim dividend of €0.0805 per share. This represents a total gross distribution of €51.6 million.

The corresponding net dividend is €0.0523 per share, amounting to approximately €33.6 million.

Investment and market access

During the period, BOV issued €300 million in senior preferred notes through its Euro Medium Term Note Programme. The transaction was the group’s largest bond issuance to date and attracted demand from international institutional investors.

For the remainder of 2026, the bank intends to continue investing in technology, cybersecurity, data capabilities and customer service while maintaining strong capital and liquidity levels.