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Banif awarded ‘The Best Banking Group in Malta for 2011’


10 June 2011

For the second consecutive year, Banif Bank (Malta) plc has been bestowed with the honour of The Best Banking Group in Malta for 2011, by World Finance. Banif Bank received this award in recognition for the outstanding performance during a year characterised by market uncertainty. The editorial board of World Finance also took into account innovation and the Bank’s achievements in the commercial sphere over the last financial year. The prestigious award given to Banif Bank was presented to the Bank’s CEO, Mr. Joaquim F. Silva Pinto during a ceremony held at the London Stock Exchange.

In his address to the media during an event organised to by the Bank to commemorate this important achievement, Mr. Silva Pinto said, “As a recent entrant to the local market, we should all be proud of this significant accomplishment. This award sends an important message to the market as it reflects the magnitude of what has been achieved by the Bank in its first 3 years of operation. Such recognition urges us to move forward with more determination to achieve even more success in the future.”

Banif Bank strongly believes in offering a differentiated banking experience based on high quality of service and innovative financial service products. Banif’s strengths are held in the understanding of the market which enables the Bank to better comprehend and identify the dynamic needs of the community and its clients. The Bank’s focus has been, and will always be, on its customers, who are treated as individuals with specific needs, characteristics, and potential.

Results can be tangibly seen in the figures registered so far, and 2010 has been further proof that the Bank’s strategy is a winning formula. The lending portfolio increased by 162 percent over the previous year, whereas the deposit base grew by a further 197 percent.

Mr. Silva Pinto also took the opportunity to thank the Bank’s employees for their commitment and dedication. “Our most important asset remains our Human Resources. These positive results could only have been possible with the determination and efforts of each and every employee at all levels of the organisation. We have come a long way and should all be proud of what we have achieved. The gained momentum will empower us to move forward and believe that together, we will continue to achieve our targets to make us stronger individuals and a winning organisation,” concluded the Bank’s CEO.

On behalf of the Board of Directors, the CEO also thanked its Customer and Shareholders for the trust and confidence shown in the Bank.

Malta Stock Exchange
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Banif Bank (Malta) plc is a credit institution licensed by the MFSA to undertake
the business of banking in terms of the Banking Act 1994.