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BOV defends CEO’s 68% pay rise after The Shift questions €644,000 package

By Ivan Camilleri

Bank of Valletta has defended a dramatic increase in the remuneration of its Chief Executive, Kenneth Farrugia, after The Shift questioned why the head of Malta’s largest bank received almost €650,000 in 2025 – a rise of almost 68% over the previous year. The bank’s latest annual report shows that Farrugia received a total remuneration … Continued