Bank of Valletta CEO Charles Borg has been appointed a member of the board of directors of the World Savings Bank Institute (WSBI) for a three-year period. The WSBI represents over 6,000 financial institutions in 89 different countries.

Founded in 1924, the WSBI now represents 940 savings banks employing more than 2.2 million people who serve over 600 million customers. Assets of member institutions amount to more than US $15.6 trillion at the end of 2010.

The mission of WSBI is to influence the standing, development and strength of all member institutions, so that they are perceived both domestically and internationally as proficient, efficient and responsible banking institutions.

Bank of Valletta said Mr Borg's appointment strengthens Bank of Valletta's position in the international finance arena.

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