MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
The European Commission has recently launched a Green Paper on building a Capital Markets Union and two flanking consultation papers on securitisation and a review of the Prospectus Directive.
This Green paper was launched as an initiative to break down existing cross-border barriers in European investment which prevents businesses from accessing finance at reasonable cost, give savers more investment choices as well as enhance the efficiency of the system that channels such funds.
GRTU President Paul Abela and Deputy President Philip Fenech attended an event organised by the European Commission Representation in Malta to present the Green Paper on Capital Markets Union in more detail and provide a platform for the sectors’ stakeholders to exchange their views and contribute to the consultation exercise.
During the discussion GRTU President Paul Abela emphasised that the European Commission should look beyond banks if it really wants to facilitate access to finance for SMEs. Finance facilities must target also SME organisations, within an agreed framework, that will promote access to finance and really have SMEs at their heart. Banks will always first and foremost priorities profits, low level of risk and promote their own products. These are far from the priorities of the European Commission and SMEs.
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).