Mediterranean Bank sponsors MRFU

Wednesday, November 10, 2010, 17:32

The Mediterranean Bank has announced a major sponsorship of the Malta Rugby Football Union (MRFU).  By becoming a MRFU sponsor, the bank will not only assist the Union’s development at international level, but support the local league and the new European 7’s competition.

Mr Charles Cini, Head of Corporate Banking at Mediterranean Bank said that his bank was delighted to be supporting the growth of rugby in Malta at all levels.  “Rugby is a relatively new sport in Malta and its development in recent years has been remarkable.  We are pleased to be able to help sustain this growth, especially as the sport embraces such a wide community.”

President of the MRFU, Martin Galea, said, “We are thrilled that Mediterranean Bank has made such a significant commitment to the sport through the Union; it’s true to say the MRFU would not survive without the dedication of our sponsors.”

Mr Galea also discussed the European 7’s explaining that the MRFU had recently entered the competition which is a tournament played in a different European country each year.  At the moment, the Maltese squad is a development team, but with funding from Mediterranean Bank, it could be turned into a fully fledged competitive team. He added that Rugby 7’s is developing rapidly as it is now recognised as an Olympic sport to be played in the 2016 Tokyo Olympics.

As part of the sponsorship agreement, the MRFU Cup (local senior division league) will be renamed the Mediterranean Bank Cup which starts in February 2011.

Mediterranean Bank plc is a Maltese bank which offers market leading savings, investment and wealth management produtcts.  Its Head Office is located at 10 St Barbara Basion, Valletta. The Bank recently also opened its first branch in Sliema at 36A Tigne Sea Front.  The bank offers term deposit accounts in euro, sterling and other major currencies at interest rates which are among the best in the local market to both individuals and corporates.  The Bank’s holding company, Medifin Holding Limited, also recently acquired 65% shareholding in Charts Investment Management Service Limited, through which it is able to offer investment and wealth management products and other related services.  Charts Investment Management Service Limited is based at Valletta Waterfront Vault 17, Pinto Wharf, Floriana.  Mediterranean Bank is regulated by the MFSA and operates under the depositor compensation scheme established under the laws of Malta.

1 Comment

  1. Nick Gatt says:

    Fantastic news for the sport but please note that the 2016 Olympics will be in Rio De Janiero and not Tokyo.


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