HSBC Bank has launched a new €75 million Malta Trade for Growth (MTFG) Fund following the success of the first €50 million trade fund launched in December 2013.

The aim of the €75m MTFG Fund is to help Maltese companies take their business beyond Malta to new frontiers and achieve international growth thanks to HSBC Group’s ability to capture value from its global presence, in particular through the creation of new trade corridors in the emerging markets.

The first MTFG Fund, launched in 2013, was snapped up by eager businesses in just under a year in what stands as a clear demonstration of the Maltese businesses’ desire to grow globally. A number of businesses within various economic sectors benefited from the first €50m fund.

Viewing excerpts of Why Malta? video, now in five international languages apart from English: Arabic, French, German, Italian, and Mandarin.Viewing excerpts of Why Malta? video, now in five international languages apart from English: Arabic, French, German, Italian, and Mandarin.

During the launch of the second tranche of the MTFG Fund, HSBC Malta also unveiled its Why Malta? video in five languages: Arabic, French, German, Italian, and Mandarin – in addition to the already-available English version. The video promotes Malta as a business destination and highlights the way HSBC can help businesses set up base in Malta as well as local businesses to thrive internationally.

The launch at the Saluting Battery at Upper Barrakka Gardens was led by Minister for Finance Edward Scicluna, who was joined by HSBC Malta CEO Mark Watkinson, head of commercial banking Michel Cordina, head of global banking and markets James Woodeson, and a number of guests.

Mr Cordina said: “The €75m fund helps investors, traders and businesses in Malta to flourish by connecting them to international trade opportunities, particularly within growing and emerging markets and also by encouraging international investment in Malta. This fund and the Why Malta? video are aimed at continuing to support the Maltese economy to prosper.”

“With offices on the ground in 60 markets, and more than 7,000 relationship managers operating worldwide, HSBC is in a unique position to connect potential customers in new markets, provide local insight through people on the ground, and offer the financial support for businesses to expand globally,” Mr Cordina added.

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