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BOV and Chamber of Engineers discuss green investments


Investment in renewable and efficient energy solutions serves as a formula that customers and businesses can undertake in a sustainable and strategic manner. The initial expense of such energy solutions could be an obstacle, but the right financing solution could be key to surmount this barrier.
BOV Energy Loans are a set of accessible and affordable solutions to finance the green leap to renewable and energy efficient investments. These were discussed during a recent webinar hosted by the Chamber of Engineers and Bank of Valletta.
Key speakers from Bank of Valletta and the European Investment Bank explained how these energy loans can help both individuals and businesses to reduce their carbon footprint while investing in energy-saving measure. ....

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Financing green energy investments


The Gozo Business Chamber, in collaboration with Bank of Valletta, will host a webinar on Thursday from 12.30 to 1.30pm on affordable and accessible financing for green investments.
During the event, Mark Scicluna Bartoli, executive product management and development at BOV, together with colleagues from the European Investment Bank, will provide information on the BOV Energy Loans.
The loan is an innovative financing scheme aimed at assisting enterprises reduce their energy costs. It is available to both SMEs and Mid-Caps (firms employing up to 3,000) and benefits from a guarantee offered by the EU and the Maltese government permitting the bank to provide an attractive interest rate and collateral terms. The loan also benefits from a two per cent interest rate subsidy for the first three years that will contribute towards improving the payback of green investments. ....

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Financing the transition to a climate-neutral economy


Reaching a political agreement for the EU’s seven-year funding programme in December was no small feat.  It was however eclipsed by events.  The cliff- hanger Brexit agreement on Christmas Eve together with the daily ups and downs of the COVID-19 pandemic have relegated the €1.8 trillion fund, from a news perspective.  
However, in European capitals and Brussels, a significant amount of spade work is currently being undertaken to bring these funds to the European economy as fast as possible.  They hold the key to kick-start the EU economic recovery post-COVID-19.  This is all the more important considering the vast stimulus packages issued by EU member states in 2020 which leaves them with limited fire power to prop up their economies in 2021.  ....

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