During a press conference held on Thursday, 16 April by the Minister of Finance and the Parliamentary Secretary for Financial Services and Digital Economy, a government interest rate subsidy of up to 2.5% on bank loans was announced.
This government measure relates to bank loans aimed at supporting businesses to keep operating during the COVID-19 pandemic. This interest rate subsidy is an additional measure and can be applied in conjunction with the Government Guaranteed bank loans launched by the Malta Development Bank.
Businesses wishing to avail themselves of the subsidised facilities should contact any of the participating banks (BOV, HSBC, BNF Bank, APS, MeDirect, Lombard Bank, Izola Bank, FCM Bank).
Applications close in June 2020 and are subject to the eligibility criteria of the banks.
More details have still to be published on this measure in the coming days.
Read full press release -
