Bank of Valletta and the Association of Tractor and Trailer Operators (ATTO) further consolidated their long-standing business relationship by signing a new collaboration agreement for the next two years.
The agreement was signed by BOV CEO Kenneth Farrugia and ATTO chairperson Joseph Bugeja, in the presence of BOV COO Ernest Agius, head of business development and customer value Kenneth Micallef, and ATTO board members and industry practitioners at the BOV Centre in Santa Venera.
The alliance between the bank and ATTO goes back several years. This agreement is one of several business alliances established by the bank with various organisations across various sectors, reflecting its commitment to support industries and sectors that play a vital role in Malta’s economic well-being.
Through its agreement with ATTO, BOV is supporting Malta’s logistics and transport sector. This collaboration also helps the bank better understand the sector’s specific challenges and opportunities, enabling it to provide solutions such as trade financing and cross-border payments.
Farrugia noted that transportation plays a critical role in modern industry and is a key contributor to many economies around the world.
“BOV remains committed to helping this sector transition towards more efficient and sustainable operations. We continue to provide financing solutions that encourage investment in modern, efficient and environmentally responsible vehicles, helping reduce environmental impact, while supporting the long-term viability and competitiveness of the industry,” he said.
Bugeja underlined the industry’s importance to Malta’s economy and stressed the value of collaborations that help address the challenges. He thanked Farrugia for the bank’s continued support, saying: “This agreement strengthens ATTO’s capacity to support a key pillar of Malta’s logistics sector, ensuring reliable daily connectivity with mainland Europe.”
ATTO represents logistics operators in Malta and plays a vital role in connecting the country to international markets. ATTO members are responsible for transporting approximately 85 per cent of Malta’s imports and exports via International Trailer Services.
