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The National Bank of Malta
Est. 1812 

National Bank of Malta
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Justice delayed, Justice denied !

1974-2019  45 Years of Injustice !

Next court sitting scheduled for 14th February 2019, 9am.

Last sitting -
10th November 2017 at 1pm - This was postponed due to lack of notification.
4th October 2016 9.30am - Judge asked both sides regarding progress over the Summer, both said they disagreed.
30th June and 16th June 2016 - cross examination
18th May - Meta ssejhet il-kawza dehru whud mir-rikorrenti mghejjuna mill-avukati Evelyn Caruana Demajo, Profs. Ian Refalo u Dr.Max Ganado u deher ukoll l-intimat Avukat Generali mghejjun mill-avukat Victoria Buttigieg.
Xehed: Alfred Mifsud 

Peress illi l-avukati tar-rikorrenti oggezzjonaw ghall-producibilita' tax-xhud hekk kif kien se jaghti x-xhieda tieghu, il-Qorti talbet lix-xhud jirtira mill-awla.
L-avukat Peter Grech jiddikjara li huwa qed iressaq lis-Sur Mifsud bhala xhud espert peress li l-materja li se jixhed dwarha tinvolvi l-espressjoni ta' valutazzjonijiet u opinjonijiet a bazi ta' fatti u dana bhal del resto ghamlu diversi xhieda esperti mressqa mill-kontro parti.

Is-Sur Mifsud imharrek biex jixhed fil-kapacita' personali tieghu u mhuwiex jingieb in rapprezentanza ta' xi istituzzjoni la statali u lanqas mod iehor. Illi ghal kull buon fini qed jivverbalizza wkoll li l-Bank Centrali mhuwiex parti f'dawn il-proceduri u huwa istituzzjoni indipendenti mill-Gvern.
L-avukat Max Ganado ghar-rikorrenti jiddikjara li x-xhud propost huwa Deputy Governor tac-Central Bank of Malta liema istituzzjoni kellha sehem decisiv l-istorja kollha soggetta ta' din il-litigazzjoni u ghalhekk hija istituzzjoni wkoll tal-Gvern ta' Malta u ghalhekk m'ghandux dik l-indipendenza mehtiega biex jixhed bhala espert.

Il-Qorti wara li rat l-art 563 (a) u l-art 567 tal-Kap 12;
Qeghda tawtorizza lix-xhud Alfred Mifsud li jixhed mhux bhala espert ex parte izda fuq fatti rilevanti ghall-mertu li fadal li jkun diterminat f'din il-kawza.

Xehed: Alfred Mifsud (dok AMX sa dok AMX1)

Wara illi x-xhud Alfred Mifsud temm id-deposizzjoni tieghu huwa ressaq hard copy tal-power point presentation liema dok qed jigi mmarkat bhala AMX u kif ukoll dossier iehor bid-dokumenti li ghalihom saret referenza fid-dokument AMX liema dossier qed jigi mmarkat bhala AMX1.Kopja ta' dawn id-dokumenti inghatat lill-avukati tar-rikorrenti waqt is-smigh.

Il-Qorti qed thalli l-kawza ghas-16 ta' Gunju, 2016 fil-11:30am biex isir il-kontro-ezami tal-esperti imressqin mill-intimati waqt is-smigh tal-5 ta' Mejju, 2016 b'dan illi l-avukati tar-rikorrenti qeghdin jiddikjaraw illi m'ghandux ghalfejn jitressaq l-espert Larry Chilton ghal dan il-ghan.

Carmen Scicluna - Deputat Registratur

9th February 2016 - Defendant more proof
16th December -
once again the opposing counsel tried to discredit Anthony R Curmi (Defendant), but with little consequence as Mr.Curmi, answered very correctly in a professional and proper way showing what years of experience can produce. The repeated questions only made Mr.Curmi's arguments stronger to the point that opposing counsel tried to ridicule, which worked very much against them.  

3rd November 2015 - Anthony R. Curmi testified today giving a harsh account of the ruthless and brutal misappropriation of the over-inflated Bad debts account by Deloitte & Touche by order of the Gov't at the time. 

10th June sitting: our lawyers (Dr.Max Ganado) asked for information to the Treaury bills amounting to Lm600,000 in the name of the Bank and the shareholders.
Court sitting was scheduled for the 16th April 2015 - papers processed.

Court sitting: 14th October 2014 - Today's sitting at the Court of appeal (Constitutional) in favour of the National Bank of Malta to move ahead as per previous judgement with Hon. JR Micallef. Next sitting 28th October 2014

6th February 2014, the Judge has given a similar sentence to that of the previous sitting, and decreed that our constitutionsl rights had been breeched and that compensation was due. We were therefore denied our claim that our right of association had been breached.

9th January 2014
.....a moral victory win for the shareholders....

"The constitutional cases instituted by shareholders who had transferred their shares, the Judge agreed that they should have been compensated".


(many previous sittings postponed were 26th September, 8th May 2013, 15th March 2013 and 27th September 2012).

Shareholders’ battle for justice .. "Times of Malta article"

Meeting held on the 28th May 2012 at 18:00 (6pm) at the Salesians Theatre (Teatru Salesjan) Howard Street, Sliema. click here for notice.

Have you read the latest articles that appeared in various newspapers such as the "Times of Malta" and the "Malta Today" April-May 2012 ..... National Bank of Malta Saga continued, click here for more.

This has gone too far, and I ask once again why all these deferred court sittings ? Yes, yet another deferred court sitting, this time (and no surprise to most of us) another 6 months !  

There was another postponement of the 12th January 2012, and the prior sitting was on the 24th November and previous to that, 29th September 2011. (and of 17th February 2011 which was already deferred to the 24th May 2011 and yet again the 17th April was also deferred). 

Previous sittings: The court sitting , that was to be put off for Judgement (10th November 2010 - V. Curmi vs. Prime Minister (case 389/92jrm) and P.Attard Montalto vs. Prime Minister (case 390/92jrm) has now been put off till the 17th February 2011, in order that he could passs judgement on the other case which was supposedly "Time barred" P.Cassar Torregiani et vs.Prime Minister (case 282/1977jrm). This case which is to be held on the 2nd December 2010, where our legal team will argue against the attorney general's allegation, which case is supposedly "Time barred" is unfounded at law.

In 1975 a number of shareholders had effectively broken the prescription period by a judicial protest, which is very good news for our compensation claim.

Out of court attempt to reach a reasonable and fair out of court settlement failed, the date of this meeting was held on the 4th June 2010, together with Louis Apap Bologna and George Schlivaniotis for the NBM who met with Tonio Fenech MP and Robert Arrigo MP. 


Controversy blocks publication of Bank of Valletta history see more....   (Prof. Henry Frendo talks about it years later..read more here )

Reuters in contact with various local businessmen regarding the latest news relating to the Bank of Valletta plc developments and news of Government compensation. 

 An old Native Indian saying: Whatever is taken from you, shall one day come back to you.

The objective is to create an awareness of the facts that led to the scandalous takeover of the National Bank of Malta in early 1974. This web site intends to put pressure on the Government and to expose facts that were previously left unnoticed and wrongly perceived by the general public. It is our intention that anybody wishing for more information or wanting to make any form of contribution can do so through this medium. see more

As a testimony one could visit: http://www.bov.com/page.asp?p=10807&l=1

The Bank's history
can be traced back to 1809 with the setting up of the Anglo Maltese Bank. In 1812 the Banco di Malta and B. Tagliaferro & Figli were established. Joseph Scicluna et fils - forerunner of Scicluna's Bank was established in 1830. In 1946 the Anglo Maltese Bank and Banco di Malta merged to form the National Bank of Malta. see more

In 1949 Sciclunas Bank became affiliated to the National Bank to form the National Bank of Malta Group, in 1969 B.Tagliaferro and Sons became part of the Group. On a very dark day in history, 1974 saw the Bank of Valletta take over The National Bank Of Malta Assets. And from a 'Loss', re-opened for business one month later, registering almost Lm1Million in profits only 9 months later, Lm43 million in Assets of the National Bank of Malta (NBOM) and 27 Branches in Malta and Gozo.

1973 National Bank Group faces a run on the bank, spurred on by the Government scaremongering. The Central Bank refuses to act as a lender of last resort and blocks Barclays and other banks from supporting the Group. see more.....

1974 The Maltese Government establishes Bank of Valletta (BV) to take over the business of the National Bank of Malta. BV sells 9.6% of its shares to the Maltese public.

In 1975, The Government of Malta held 70.4% of the new Bank, whilst the Banco di Sicilia acquired 20% shares from the Malta Development Corporation and the Maltese Public 9.6%.....!

In 1992, Bank of Valletta, the parent company became the first public company to be listed and its shares quoted on the Malta Stock Exchange. In 1995, Bank of Valletta was privatised after Government sold 12,000,000 shares to the public, rather than compensating the NBOM shareholders as promised, thus reducing its stake from 51.2% to 25.2%. 

As part of its privatisation programme the Government has indicated that it will privatise its shareholding in the future. see more....


You can contact Marcus Marshall +356 9949 0360
Edward Attard Montalto +356 7945 7625 
Steve Sant Fournier +356 9944 2756
Conrad Cassar Torregiani +356 9943 2875
with any of your queries.
You may also e-mail burlington@onvol.net or below, 
or send any correspondence to 62, Republic Str, Valleta VLT 1117.

If you have any questions regarding court cases or venues 
please e-mail us below


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45 Years of Justice denied

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Last web update: February 2019