A €75 million trade fund launched by HSBC Bank Malta 10 months ago to help Maltese businesses expand internationally has crossed the 80 per cent utilisation mark, becoming another attestation to the potential of Malta’s rapidly expanding economy.

This was announced by HSBC Bank Malta CEO Andrew Beane during a speech delivered during The Economist Mediterranean Leadership Summit.

The Malta Trade for Growth Fund was launched in June 2015 for businesses seeking capital to strengthen export. The €75 million fund came on the heels of the first €50 million fund in 2013, which was completely exhausted in under a year.

“Business tends to find a way to grow and can serve as a good force to catalyse economies. Despite challenges around Malta, businesses in Malta have registered confidence in the domestic economy by absorbing the fund,” said HSBC Malta Head of Commercial Banking, Michel Cordina.

HSBC Malta established the Malta Trade for Growth Fund as a vehicle to internationalise businesses and support the long-standing entrepreneurship that has been a hallmark of Maltese businesses for many years. The fund grants businesses with a sound expansion plan access to HSBC’s trade and lending resources, as well as its worldwide network of local trade experts.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.