In a brief address, the Governor of the Central Bank of Malta and the President of the UhBC acknowledged that the conclusion of the negotiations had taken a long time, but that ultimately the agreement would address and regulate issues of importance to both the Bank and the Union. The statement also states that the Governor of the Central Bank of Malta and the Secretary of the FPS Section said that the agreement has raised and resolved issues of importance to the Bank and the Union. A collective agreement was signed between the Central Bank and the Malta Union of Bank Employees, the Union Haddiema Bank Centrali and the services and media section of the General Workers` Union. The agreement aims to improve the balance between the continued need to improve efficiency and quality in order to meet current requirements and improve conditions for Bank staff. .