The Republic of Malta has entrusted to European Investment Fund €15m of EU structural Funds to deploy a guarantee instrument combined with an interest rate subsidy program
EIF through a competitive tender has selected APS Bank and Bank of Valletta to deploy €54m of loans with an interest rate subsidy of 2% p.a. for 3 years in relation to projects carried out by corporates and households in Malta
Between 2,000 and 3,000 projects across the country will be financed in the country
The EU inst...