Updated with launch of Malta Development Bank ‘COVID-19 Guarantee Scheme’:
- Malta Development Bank ‘COVID-19 Guarantee Scheme’
The MDB COVID-19 Guarantee Scheme (CGS) provides guarantees to commercial banks in order to enhance access to bank financing for the working capital requirements of businesses in Malta facing a sudden acute liquidity shortage as a result of the COVID-19 outbreak.
The CGS has been approved by the European Commission under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak.
Further details on this scheme can be accessed through the website of The Malta Development Bank: https://mdb.org.mt/en/Schemes-and-Projects/Pages/MDB-Working-Capital-Guarantee-Scheme.aspx
- Three-month moratorium from banks for business or personal loans. This will alleviate the burden of bank loans for ALL persons and businesses in this challenging period. Please contact your local bank for assistance.