At a Glance – What Will 2022 Hold?

paul Mifsud

Sparkasse Bank

“We seek to continue to grow our assets under custody beyond the current 8.8 billion euros and to retain our dominant position in this market. We see that significant growth can be derived from the Bank’s branch in Dublin where the Bank seeks to optimise its revenue from. We plan to grow this in 2022 and beyond as we continue to seek strategic alliances and investment.” dana farrugia

Tech.mt

“Our goals for 2022 include initiatives to place Malta at the forefront of the global tech and innovation community, attending local and international industry events to promote Malta as a tech hub of choice, attract foreign entities to start up, operate and trial their novel technologies locally and encouraging students to take up STEM subjects.” simon Vaughan Johnson

HSBC Bank Malta

“Malta’s foremost challenge is the swift response, resolution and execution of the plan of action to remove Malta from greylisting. It is imperative that the progress registered thus far continues at pace, in order to continue to promote Malta as a financial hub, to attract foreign direct investment and to capture the opportunity to attract talent and creativity.”

Kevin Chircop

Enemed

“Our plans are to fully recover from the Covid-19 impact on our financials and make full use from the efficiencies derived from the new National Distribution Centre in Ħas Saptan. Also, we are planning further automations in relation to the ordering process for our clients hence ensuring that our service will continue to make our company ‘the preferred choice for our customers’”.

deborah schembri

STM Malta

“Reputational damage from greylisting could eventually adversely affect the country and its financial system by reducing its attractiveness for investors and corporates, ultimately leading to capital outflows and weaker-than-projected economic performance. However, Malta’s banks and supervisory authorities have had more time to prepare contingency plans than those in some other countries following an earlier 2019 Moneyval report.”

omar debono

INDIS Malta

“Our main hope is that 2022 will represent another step in the recovery from the pandemic, especially in terms of people’s health and well-being – which is the most important aspect – but also in terms of economic prosperity which will also lead to benefits and opportunities for the same people.”