The Code of Good Corporate Governance included as an Appendix to the Listing Rules in Malta was targeted to be adopted by Issuers of Listed Securities in Malta.

The purpose of these guidelines is to:

• Advance best practice in corporate governance in Malta;
• Make it easier for directors and managers to fulfil their duties and assist them in advancing the growth and development of the companies they are entrusted with directing;
• Ensure public confidence in enterprises and business activities in general;
• Strengthen trust between investors, directors and managers.

In an increasingly globalized world economy where competition is intense, the adoption of good corporate governance guidelines can make an actual difference to how a company is viewed in the international scenario.

Therefore the Bank undertakes to adhere to the principles set out in the Principles of Good Corporate Governance for Public Interest Companies.

• The Bank fully adheres to the Guidelines of the Basle Committee on Corporate governance principles for banks
• Guidelines on Internal Governance published by the European Banking Authority (EBA)