Government to subsidise 2.5% of interest rates on new bank facilities

Parliamentary Secretary Clayton Bartolo announced Government would be subsidising 2.5% of interest rates due in the first two years for any new loan facilities companies apply for before the end of June 2020.

This measure is over and above the €350m guarantees provided by the Malta Development Bank for any new working capital facilities.

Participating banks for this latest initiative are Bank of Valletta, HSBC, APS Bank, Med Bank, BNF Bank, Lombard Bank, Isola Bank, and FCM Bank.