HSBC €100m fund for businesses

HSBC Malta last week announced it has created a €100 million fund to support Maltese businesses under HSBC Group's new US$5 billion global working capital fund aimed at ensuring business customers continue to have access to appropriate credit through the current crisis.

The bank said the fund represents new money, above what HSBC would normally expect to lend in the current business environment, and will be funded from HSBC's own resources.

The fund will supply working capital to help businesses with their cash flow needs, particularly utilising invoice finance for domestic needs and trade finance products to support businesses that trade or aspire to trade internationally.

Finance will be allocated on a case-by-case basis.