Kevin Cardona / BOV

On Friday (today), Bank of Valletta plc (BOV) announced that Kevin Cardona has been appointed Chief Financial Officer (CFO) of the bank.

BOV confirmed that regulatory approval for his appointment has already been granted.

Mr Cardona had been serving as Acting CFO since the departure of Izabela Banas from the position back in February. Ms Banas has since been announced as MeDirect Bank (Malta) plc’s new Group CFO and Executive Director.

In his new position, Mr Cardona will “assume a strategic role in the overall management of the bank and take responsibility for all aspects of finance and balance sheet management,” BOV said in its statement.

His appointment represents a significant step for BOV, coming just a few weeks after it announced a record pre-tax profit of €251.6 million in 2023, the best-ever posted by a Maltese listed company. This prompted CEO Kenneth Farrugia to dub the bank’s performance in 2023 as “undoubtedly one of the best experienced during its 50-year history.”

Mr Cardona is a Certified Public Accountant with over 23 years of experience working in the banking industry, having worked at BOV since 2000. Over the course of those years, he accumulated extensive experience in risk management and commercial banking, spanning more than 17 years. Mr Cardona’s primary focus areas encompass credit portfolio management, corporate finance, data analytics, regulation, budgeting, forecasting, as well as financial and credit risk management.

Mr Cardona has been heading the Credit Portfolio Reporting and Control function within BOV’s Business Banking section since December 2010. In that position, he has dealt with strategy-related matters, functional risk management, reporting, finance and performance management, specialised credit management, as well as being the first line of defence from a risk and compliance perspective.

He holds a Masters in Financial Management from Heriot Watt University, specialising in finance, risk management and quantitative methods. Additionally, he is a Fellow member of the Association of Chartered Certified Accountants (ACCA), and also holds first degrees in taxation and accounting.

Featured Image:

New CFO Kevin Cardona during the announcement of BOV's financial results for 2023 / BOV


Charles Xuereb / Trident Estates Annual Report

Firms not offering flexibility find it difficult to recruit and retain employees, says Trident Estates CEO

30 May 2024
by Fabrizio Tabone

Charles Xuereb notes that the office environment has an impact on corporate culture and lifestyles tenants want to promote.

‘Technology is changing at a rapid pace, so staying at the forefront means we need to adapt’ – BMIT CEO

30 May 2024
by Helena Grech

As the leading local technology company shares its financial results for 2023, CEO Christian Sammut attests that forward-looking plans for ...

Medserv and Regis ‘have forged a powerful alliance,’ says CEO

30 May 2024
by Robert Fenech

The company is celebrating 50 years from the founding of Medserv

‘Past year was predominantly marked by growing competitive pressures,’ says Farsons CEO

30 May 2024
by Fabrizio Tabone

During the financial year ended 31st January 2024, Farsons Group’s pre-tax profit rose by 4.9% to €16.1 million.

Close Bitnami banner