Market News

The Group reported a record-breaking turnover of €88.7 million for the financial year 2024, reflecting a 25% increase. Malta’s DB Group has reported its highest-ever turnover in 2024, with a record-breaking turnover of €88.7 million reflecting a 25% increase It also registered an impressive 21% rise in EBITDA to €36.8 million, with total assets amounting […]

Bank of Valletta has obtained regulatory approval from the MFSA for the listing of an unsecured Euro Medium Term Bond Programme of up to €250 million and for the issuance of the first tranche of Bonds.  The first tranche of Bonds will be in the form of an issue of up to €100 million 5% […]

Hili Ventures, through its subsidiary Marsamxett Properties Ltd, is set to acquire 100 per cent of Tigné Mall plc after its voluntary public offer was accepted by the majority of shareholders. Marsamxett Properties Ltd began acquiring shares in Tigné Mall plc last year, amassing a total of just over 49.68 per cent of the share […]

E-Stream develops new battery storage technologies that make storing “green electricity” economical and user-friendly. It is active in 3 areas: The automotive segment/electric cars is a clear and significant plus. The strategy is currently focused on Europe, with Asia representing further potential. In the course of expansion, E-Stream also plans to enter the entire world […]

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 […]