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.

This was achieved in just over a year since Bank of Valletta was appointed sole Maltese financial intermediary for the management of the Jeremie initiative.

The bank has successfully allocated nearly half of the total available budget since its launch in April last year.

The BoV Jeremie financing package, which amounts to €51 million, is intended to support Maltese Small and Medium Sized Enterprises for their capital expenditure requirements.

All types of SMEs can benefit from the scheme including micro-enterprises. It is a fact that nearly 80 per cent of facilities have been granted to micro enterprises which employ fewer than 10 employees.

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