Maltese governor paves way for co-operative banking


The governor of the Central Bank of Malta, Josef Bonnici, on September 27 called for rule changes to permit co-operative banking in the country.

Speaking at a seminar on co-operative banking in Valletta, Malta, Bonnici said introducing a new model of banking into the system could lead to greater financial inclusion and better value for customers.

"Competition depends more heavily on the variety of business models rather than on having a large number of institutions giving roughly the same kind

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