The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
Ueapme Working Group on SME Finance met in Brussels this week. Participants agreed on the main policy lines to take on the Capital Requirements Directive, warning that the risk weight for SME retail loans should be reduced right away, rather than after a review of the new directive as suggested by the European Commission.
Our experts also welcomed the agreements to tackle the crisis reached by the European Council and the Euro zone Member States, in particular on bank recapitalisation, as the texts mention the need to maintain the credit flow to the real economy. SME lending must not be affected, all participants demanded.
The Working Group was also updated on the EC plans on SME finance, which are largely in line with our demands for more attention to mezzanine finance and to instruments capable of increasing the SME lending capacity, although the details remain sketchy for the time being.
Finally, participants received updates on State Aid and on the Single Euro Payments Area.
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).