APS Bank and Malta Development Bank (MDB) recently signed an agreement with the objective of fostering business growth and economic development locally.

The partnership, which solidifies the collaborative efforts between the two entities, will also see them launch two products. These are namely the MDB SGS business loan, forming part of the SME Guarantee Scheme (SGS), and the newly introduced MDB co-lending business loan under the Guaranteed Co-Lending Scheme (GCLS).

From left: APS Head of Asset Liability Management Marvin Farrugia, APS Chief Banking Officer Anthony Buttigieg, APS Chief Strategy Officer Liana DeBattista, MDB Chief Credit Officer Maria Xuereb, MDB CEO Paul V. Azzopardi, MDB Chief Business Development Officer Joseph Darmanin / APS

During the event, APS Bank Chief Strategy Officer Liana DeBattista stated that the ongoing collaboration between the two banks represents a “significant step forward in providing businesses with the tools they need to thrive.”

“These products not only facilitate access to financing but also contribute to sustainable economic growth. We are excited about the opportunities that these initiatives create for businesses and look forward for their continued success,” she added.

Paul V. Azzopardi, CEO at the MDB, said that the bank was very pleased that APS Bank decided to become an intermediating partner bank in MDB’s SME schemes.

“By partnering with APS Bank, a major player in SME lending in Malta, we aim to provide businesses with simplified and more affordable access to finance,” he stated.

“This collaboration will enable firms to undertake the necessary transformations for sustained growth in the coming years,” he continued.