BOV defends CEO’s 68% pay rise after The Shift questions €644,000 package

Bank of Valletta has defended a dramatic increase in the remuneration of its Chief Executive, Kenneth Farrugia, after The Shift questioned why the head of Malta’s largest bank received almost €650,000 in 2025 – a rise of almost 68% over the previous year. The bank’s latest annual report shows that Farrugia received a total remuneration … Continued

By Ivan Camilleri