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Bank of Valletta Supporting the Family Way
17 Dec 2018

The Family has always been the bedrock of the Maltese society and this concept has shaped businesses in Malta for decades on end.  

We have witnessed many success stories of family businesses that have transitioned over time, managing to thrive and regenerate themselves across generations.  Nonetheless, family businesses are increasingly becoming more complex, facing

Bank of Valletta, with its extensive knowledge of the local market, has continuously been at the forefront of assisting local businesses to flourish through the provision of financing solutions tailored to their specific needs.  Bank of Valletta, in collaboration with the Family Business Office and the Malta Development Bank, is the first bank to launch an innovative product that offers access to finance for family business succession planning.   

The BOV Family Business Transfer Loan can be the solution to enable a certified family business (registered and unregistered partnership and company) to take the strategic step to transfer ownership between family members. This finance product will facilitate transfer of ownership/shareholding between members within a certified family business through one or more of the following: 

  • a takeover of the relevant Family Business
  • a reduction in  the issued share capital
  • the payment and distribution of a dividend
  • the repayment of any shareholder loans due by the relevant Family Business  

The maximum loan amount is €750,000 at a competitive variable interest rate and can be taken for a period of one to ten years.   Moreover, the Malta Development Bank will partially guarantee each loan transaction under an allocated fund of €10,000,000 thus easing on customer’s security requirement and enhances access to finance.  

For an enterprise to qualify for this product, it has to be registered under the Family Business Act with the Family Business Office, established and operating in the Maltese Islands, economically and financially viable and not an undertaking in difficulty and not operating in a Restricted Sector.

If you are a family business considering succession planning through ownership transfer, you are to contact our SME Finance Unit at or on 22751529 to assist you on the way forward.  Information about registering under the Family Business Act and other initiatives for family businesses can be found at

All loans are subject to normal bank lending criteria and final approval from the Bank.  Terms and conditions are available from  Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, 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).

Published in Commercial Courier 81 - December 2108/January 2019


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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).