The parliamentary secretary for Financial Services Hon. Clayton Bartolo, has announced that the government will subsidise interest rates with a maximum of up to 2.5% on loans taken through the Malta Development Bank Guarantee Scheme. The subsidy will be available during the first 24 months of the loan.
Banks participating in the scheme
Those interested in the scheme are requested to contact their own banks for further information. Each bank will apply its own interest rate. The banks participating in the scheme are:
- APS
- BoV
- BNF
- FCM
- HSBC
- Izola
- Lombard
- Med Bank
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We will keep on publishing updates as soon as they are made public. In the meantime, you can get in touch with one of our experts, who will be able to discuss with you how the above measures will affect your organization and guide you accordingly.
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