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Bank of Valletta and the Chamber of Engineers discuss green investments
09 Jul 2021
The investment in renewable and efficient energy solutions serves as a formula which customers and businesses can undertake to invest in sustainable and strategic manners. The initial expense to seek such energy solutions could be an obstacle, but the right financing solution could be key to surmount this barrier. 

The BOV Energy Loans are a set of accessible and affordable solutions to finance the green leap towards 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 whilst investing in energy-saving measure. 

“The term ‘green investing’ is becoming a common topic in the banking industry,” said Malcolm Zammit, President of the Chamber of Engineers. While introducing the webinar, Mr Zammit stated that entities in particular should hold sustainability as a core principle of their business model. “Businesses can now take corporate responsibility to another level by making green choices in the way they operate.” 

“Bank of Valletta is providing the local market with three tailor-made financing solutions for the personal customer, the home-owner and the business client,” said Mark Scicluna Bartoli, Executive Product Development and Management at Bank of Valletta. In line with the recently published EU Sustainable Finance Strategy, Bank of Valletta is piloting these three energy loans in the local market with the objective of empowering retail investors and SMEs to access sustainable finance opportunities through innovative EU risk sharing instruments” said Scicluna Bartoli. 

The BOV Energy Loans benefit from a guarantee offered by the European Union and the Government of Malta permitting the Bank to provide an attractive interest rate and collateral terms.  Over and above, the loans benefit from a 2% interest rate subsidy for the first three years which will contribute towards improving the payback of green investments.

A recording of this webinar is available on the BOV YouTube channel.

The BOV Personal Energy Loan, the BOV Home Energy Loan and the BOV Business Energy Loan are financially supported by the Energy Efficiency and Renewable Energy Malta Fund (EERE) which is co-financed by the Republic of Malta and the European Union under the European Regional Development Fund (ERDF). The objective of this fund of funds and its first loss guarantee combined with an interest rate subsidy scheme is to support the access of the final recipients for their investments in energy efficiency and renewable energy measures. 

All loans are subject to normal bank lending criteria and final approval from the Bank. The term of the personal and home energy loans must not go beyond retirement age. Further terms and conditions are available from www.bov.com. Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130. Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).



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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).