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Banks held in high regard in Malta

Banks in Malta retain a high degree of confidence from their Maltese clients: while a massive 70% of Maltese think that their banks are making an effort to be socially responsible, only 34% of Europeans agree. This emerged from a December 2012 Eurobarometer survey among 500 respondents in each EU country. Significantly, the survey shows the Maltese on top of the list of Europeans who judge their banks positively, followed by 62% of Finnish and 60% of Lithuanian respondents. In stark contrast, 17% of Spanish and 18% of Italian respondents agree.

This discrepancy between Malta and the rest of Europe can be attributed to the fact that Maltese banks have been largely immune to the global financial crisis, while in other countries, banks have been blamed for the crisis.

The Maltese are generally more likely than other Europeans to think that businesses in their country behave in a socially responsible way. But they make one important exception: construction firms. The survey also confirmed one exceptional Maltese trait: a high regard for the country's banking sector.

 

Click this link to view full article: http://www.maltatoday.com.mt/en/businessdetails/business/businessnews/Banks-held-in-high-regard-in-Malta-20130415

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