Over 230 Maltese businesses have benefited from €23 million loans sanctioned through the BOV Jeremie Financing Package to various SMEs including micro enterprises, resulting in a total investment amount of €35.5 million. All this has been achieved just over a year since Bank of Valletta was appointed by the EIF as the sole Maltese financial intermediary for the management of the Jeremie Initiative.

The bank, through its promotion of this EU supported financial engineering instrument has successfully allocated nearly half of the total available budget since its launch in April 2011. The BOV Jeremie financing package, which amounts to €51 million, aims to support Maltese SMEs for their capital expenditure requirements. Nearly early 80 per cent of facilities have been granted to micro enterprises employing under 10 employees.

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