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    Reference: 20180637
    Release date: 20 June 2019

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),MALTA DEVELOPMENT BANK

    Location

    Description

    The project consists of a Multi Beneficiary Intermediated Loan to the newly-established Malta Development Bank (MDB) to support its promotional lending to finance small and medium-sized enterprises (SMEs) and mid-caps (mainly through local intermediary banks), as well as other small scale projects carried out by public sector entities in Malta which is an EIB Cohesion Priority Region.

    Objectives

    The proposed operation is fully consistent with EU objectives and responds to the definition of SME financing as a strategic objective of the Bank. All sub-projects being implemented in Malta, the loan strengthens investments in convergence areas. It aims to enhance the Bank's support to the economic development of SMEs and mid-caps by financing initiatives in different sectors of industry and services. Furthermore, part of the facility will be utilised for integrated territorial development (20%) and to spur innovation (10%), as well as to finance selected climate action project components. The loan is expected to be mainly used for the financing of investments promoted by SMEs and mid-caps, responding to important market needs in the context of liquidity and credit access. Up to 30% will be financed through Public Sector Enterprises (PSEs).

    Comments

    n/a

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 60 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 19/12/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Malta Credit lines