Agribank Head Office at SkyParks will be officially inaugurated by Prime Minister Dr Joseph Muscat on Monday.

Licensed by the Malta Financial Services Authority last October, AgbriBank has already started operations. It is mostly focused on providing highly competitive, tailored packages to the British agricultural sector to finance the purchase of machinery and equipment, apart from paying competitive interest rates on a range of fixed-term, low-risk, and guaranteed-rate bonds to UK savers.

AgriBank’s Chief Executive Officer Roderick Psaila is optimistic about the bank’s prospects, with the initial reaction from the market exceeding expectations. He explained how the flow of online funding is increasing and there are an increasing number of requests for loans which the Bank’s Credit Committee has to approve.”

Former Director of the Central Bank of Malta and ex-EU Commissioner Joe Borg, is Chairman of the Board of Directors. Chief Financial Officer Paul Grech is also a Director and Victor Rizzo Giusti, who has been in the banking sector for the past 35 years, holding high positions with banks such as HSBC, Barclays and Lombard, is a non-Executive Director.