As a BOV shareholder, in and out over a number of years, I have followed closely the bank’s ups and downs and cannot but agree with the editorial (May 7)
Mapfre Middlesea AGM was held remotely and streamed live on its website. Commenting on the year under review, chairman Martin Galea remarked that Mapfre Middlesea and Mapfre MSV Life have both performed well in spite of the pandemic. Both companies posted excellent returns. While Mapfre Middlesea posted a profit after tax of €4.12 million (2019 €4.01 excluding Group Dividends), Mapfre MSV Life posted a profit of €10.33 million (2019 €11.75 million) of which half is attributable to Mapfre Middlesea (the remaining half being owned by the bank). Due to these excellent returns Mapfre Middlesea will be issuing a net dividend of €3.20 million being 77.7 per cent of the company profit.