SME Chamber assisting wedding sector through Covid
06 May 2021
The SME Chamber is working to seek further clarifications on the gradual return to normality...
Ratings 2013 says that Andorra, Luxembourg and Malta are all small European
countries with large banking systems but that is where their similarity to
Cyprus ends. These
countries not only have healthier banks and stronger sovereigns than Cyprus but
the structure of their banking sector means they are less vulnerable to a
destabilising withdrawal of non-resident deposits and losses from foreign
domestic and total banking sectors at over 5x GDP are too big for sovereign
support to be relied upon given the authorities' limited resources. However,
the large size of the domestic banks stems from their international private
banking franchises rather than credit expansion and has been supported by
comfortable liquidity and strong capital levels. Therefore we do not anticipate
sovereign support being called upon.
domestic banks in Andorra, Luxembourg and Malta are currently stronger than
those of Cyprus before the bail-out. Their Viability Ratings are almost all
investment grade, whereas in Cyprus the bank systemic indicator has been
speculative grade since 2011.
domestic banks in these countries have lower reliance on non-resident deposit
funding compared to the Cypriot banking sector where foreign deposits fuelled
rapid asset growth. Where there are foreign deposits, these are usually linked
to the banks' investment funds or private banking operations. Asset quality
indicators for these banks also appear adequate despite some deterioration and
their more limited exposure to foreign securities and loans reduces the risk of
losses arising from the eurozone sovereign crisis.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).