Bank of Valletta has announced the launch of a new deposit opportunity featuring 4.55% gross interest per annum. The new deposit product is being offered on a 'one week special offer' basis and is available up to and including the 21st June 2008.

"The new special offer takes the form of an 18th month Euro Term Deposit account which can be opened with a minimum balance of €1,000," announced Charles Borg, Chief Officer responsible for Financial Markets and Investments at Bank of Valletta. "Whilst offering a most attractive interest rate of 4.55% per annum, the capital is 100% guaranteed. Another attractive feature is that this deposit account pays interest every six months," added Mr. Borg.

This is the second time since the introduction of the euro that Bank of Valletta is placing on the market an attractive special offer featuring a term deposit account with a strong headline rate.

"As the brand of choice for customers' deposits, Bank of Valletta has built a reputation of offering attractive deposit opportunities and, over the past years, we were regularly present in the market through the launch of a number of attractive deposit opportunities, all of which were extremely well received by the general public. We are confident that, as has been the case in the past, the market will respond positively to this attractive offer that we are making available," concluded Mr. Borg.

Full details may be obtained from any Bank of Valletta branch, by logging onto www.bov.com or by calling the BOV Customer Service Centre on 2131 2020. This is a limited offer that is available until the 21 June 2008 but may be closed earlier, at the Bank's discretion.