BOV, Malta Development Bank to hold SME info session in Gozo

Bank of Valletta and the Malta Development Bank will hold an information session entitled “Financing Gozitan Businesses to Prosper” on 5 July at the Institute of Tourism Studies in Qala, Gozo in collaboration with the Gozo Business Chamber, according to a BOV press release.

BOV believes that small and medium-sized enterprises (SMEs) are the heart of the Maltese economy and a major source of entrepreneurial skills, innovation and employment, they need easy and affordable access to financing in order to grow and reach their full potential.

As such, during the information session, attendees will learn information and insight on how Gozitan SMEs can take advantage of newly launched financing schemes to grow their business, BOV says.

Malta Development Bank’s Chief Business Development Officer Joseph Darmanin and Chief Credit Business Officer Maria Xuereb will discuss the role of the Malta Development Bank in the economy and the operations of the Malta Development Guarantee Schemes.

In addition, BOV Executive SME Finance Alfred Buhagiar will provide a practical example of how such guarantees ease access to finance for SMEs via the BOV SME Invest and BOV Family Business Success initiatives.

Bank Of Valletta Small Medium Enterprise Invest includes startups, venturing into new business sectors and traditional SMEs wanting to invest in revamping or strengthening their current business model. BOV Family Business Success assists family businesses to transfer ownership/shareholding from parents to children or amongst siblings.