MBA statement re interest rates
The Malta Bankers’ Association (MBA) refers to the press conference held on Thursday 16th April 2020 by the Minister of Finance and the Parliamentary Secretary for Financial Services and Digital Economy announcing a scheme of interest rate subsidies to support businesses impacted by the COVID-19 pandemic.
While welcoming the announcement and reiterating its readiness, and that of its members, to collaborate with the authorities in the implementation of these measures, the MBA wishes to highlight that the specific details, terms and modality of the announced scheme have not yet been communicated to its members. In the meantime banks are receiving numerous queries about how the scheme will operate. Once such information is communicated in due course, the MBA and its members will provide further updates as necessary.
- April 18, 2020 No comments Posted in: Business Tags: MBA
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