Victor Rizzo Giusti has been elected chairman of the Board of the Association of the Malta Bankers' Association. The other board members are Edward Cachia, Marcel Cassar, Tonio Depasquale, Alan Richards, Joseph Said, Henry Schmeltzer and Joaquim da Silva Pinto.
The combined balance sheet total of the Association's member banks as at the end of 2009 reached €40 billion, while total equity stood at €3.5 billion. The number of their full time employees was 3,846.
The direct contribution of the banking sector to the local economy remains significant, with payroll last year amounting to €106 million, taxation on profit on ordinary activities reaching €95 million, and dividends paid to resident shareholders amounting to over €41 million. Loans and advances to customers totalled €20.4 billion, with amounts owed to customers standing at €16.4 billion.
The following banks which are licensed to operate in Malta are members of the Association: Akbank T.A.S., APS Bank Ltd, Banif Bank (Malta) plc, Bank of Valletta plc, BAWAG Malta Bank Ltd, CommBank Europe Ltd, Credit Europe Bank N.V., Deutsche Bank (Malta) Ltd, Erste Bank(Malta) Ltd, FIMBank plc, Fortis Bank Malta Ltd, HSBC Bank Malta plc, Investkredit International Bank plc, Izola Bank plc, Lombard Bank Malta plc, Mediterranean Bank plc, NBG Bank Malta Ltd., Nemea Bank plc, Raiffeisen Malta Bank plc, Sparkasse Bank Malta plc, Turkiye Garanti Bankasi A.S., VoiceCash Bank Ltd and Volksbank Malta Ltd.