Tag: central bank

Chamber of SMEs welcomes moratorium on loans

On Tuesday morning, the Central Bank of Malta issued the Moratorium on Credit Facilities Regulations in Exceptional Circumstances after a legal notice was published. The bank has directed credit and financial institutions licensed by the Malta Financial Services Authority to offer a six-month moratorium on repayments on capital and interest for borrowers who have been negatively affected by COVID-19.

IDPC admonishes Central Bank

The IDPC found the bank had been in breach in two out of the four allegations leveled against the Central Bank. The bank was served with a reprimand over the violations.

Retailers deserve better – Vassallo

PN spokesperson Edwin Vassallo said that both the Business performance Survey published by the Malta Chamber for SMEs and the CBM’s Economic update indicates that economic instability and political uncertainty were the underlying reason for poor performance by SMEs in 2019.

Central Bank registers a slower economic growth rate

The December level of the Central Bank of Malta’s Business Conditions Index suggests that in recent months, activity continued to expand, but at a slower pace compared with the historical average.

Man who faced corruption charges now BOV director

Former Central Bank deputy governor Alfred Mifsud, who had faced corruption claims in the past, has been appointed non-executive director of Bank of Valletta

Negative export growth till 2021; “Weak international environment” – CBM

The Central Bank of Malta (CBM) has stated that the net export contribution to growth is expected to be negative in 2019 and 2020,...

Central Bank says inflation increasing

The annual rate of inflation in Malta has risen to 2.5% in September, according to the Central Bank of Malta.This figure forms part of...

Malta’s GDP continues to grow – Central Bank

Malta's GDP growth has kept its momentum going registering a real annual rise of 5.9% during the second quarter of 2018, after growing by...

MFSA publishes Q&A on Satabank

The Malta Financial Services Authority (MFSA) has issued a Q&A concerning Satabank on Friday. Various media reports recently wrote about the bank's clients who...

Satabank plc slapped with MFSA notice

The Malta Financial Services Authority has issued a notice to Satabank plc which ordered the bank from refraining, ceasing and desisting from taking further...