Izola Bank has bought premises on Castille Place for €4 million and will be turning it into its headquarters, bringing all its staff under one roof.

In a company announcement, the bank said it was planning extensive refurbishment of the building, which was until recently used by Word for Word.

Izola Bank is owned by Van Marcke, a Belgian privately-owned group which since 1929 has been a market leader in sanitary ware and heating installations.

The bank was established in Malta in 1994 and has been operating from premises in East Street, Valletta.

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