Bank of Valletta (BOV) has launched an improved BOV SME Grow Green Loan, aimed at helping small and medium-sized enterprises (SMEs) invest in environmentally friendly operations.
Unveiled during the MHRA BOV Deloitte Q4 2024 Hospitality Performance and European Hospitality Industry and Investment Survey, the initiative was presented by Mark Scicluna Bartoli, BOV’s Head of Product Development. He emphasised the growing importance of integrating sustainability into core business strategies, particularly as environmental pressures and compliance expectations increase.
A key feature of the loan is a one per cent reduction in interest rates, offering tangible savings for businesses investing in projects such as renewable energy systems, energy-efficient infrastructure, or other initiatives aimed at reducing carbon emissions. The product is part of BOV’s wider Environmental, Social, and Governance (ESG) framework and aligns with Malta’s national sustainability targets.
In addition to favourable financing conditions, BOV is offering advisory support to help SMEs explore their options. This includes identifying potential combinations of bank financing with applicable government incentives.
Interested businesses can find more information about the BOV SME Grow Green Loan by visiting www.bov.com or contacting the BOV Business Development Unit directly.
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Nicole Zammit
When she’s not writing articles at work or poetry at home, you’ll find her taking long walks in the countryside, pumping iron at the gym, caring for her farm animals, or spending quality time with family and friends. In short, she’s always on the go, drawing inspiration from the little things around her, and constantly striving to make the ordinary extraordinary.
