The Malta Union of Bank Employees (MUBE) proudly announces the successful conclusion of an extensive and highly complex process culminating in a fair, balanced, and forward-looking agreement to settle and cooperate totaling 30 million Euro.

This outcome stands as a testament to MUBE’s unwavering commitment, strategic acumen, and resolute advocacy on behalf of its members even under such circumstances. Despite the inherent complexity and intensity of the negotiations, MUBE’s principled approach, persistence, and constructive leadership ensured that consensus was ultimately achieved, with all parties fully aligned behind a sustainable and equitable result.

The agreement reached is a clear reflection of meaningful social dialogue, mutual respect, and a shared determination to safeguard employees’ interests while ensuring long-term stability. It underscores the vital role played by the Bankers’ Union in steering negotiations toward a solution rooted in fairness, transparency, and responsibility.

Following the resounding vote of approval by MUBE members, the Bankers’ Union will continue to exercise diligent oversight throughout the completion of the transaction and the formal registration of the transfer of shares, reaffirming its role as a vigilant and proactive guardian of its members’ rights.

Upon completion of the transfer, all employees engaged on an indefinite contract and covered by the Collective Agreement with MUBE, who were employees of the Bank as at 01 December 2025 and who remain employed at the relevant payment dates, will benefit from three equal payments distributed over an agreed timeframe on and subject to the terms of the agreement, effectively supporting employees throughout the transition phase.

Thereafter, attention will shift to the next strategic phase, during which employees will witness the anticipated transformation in the Bank’s majority shareholding, marking a significant milestone in the institution’s evolution.

MUBE extends its sincere appreciation to all members of staff and all parties involved in the negotiations for their exemplary patience, professionalism, and steadfast commitment throughout this demanding process.

The MUBE’s President William Portelli said that ‘ultimately, this agreement powerfully demonstrates that when dialogue is underpinned by goodwill, collaboration, and mutual trust, even the most complex challenges can be transformed into shared success’

23.12.2025

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