Traditionally, banks have served as guardians of people's
wealth and credit lenders. Over time their role has evolved and
expanded and nowadays they are involved in virtually every aspect
of our life, from paying for our coffee to managing our wealth.
Banks support economic growth and prosperity through solutions
aimed at meeting these needs. With such an important and
ever-growing role, it is timely to reflect on how Malta's
banking sector needs to innovate and adapt in the years to come to
continue to meet the needs of all its stakeholders.
The sector is at an inflection point - rapid technological
advances, changing customer preferences, increasing competition,
heightened regulatory scrutiny as well as the growing importance of
funding the transition towards a green economy and integrating
Environmental, Social, and corporate Governance (ESG) principles in
business models, all against a backdrop of global market volatility
and inflation. All these factors
