The Malta Chamber and FIMBank Sign Alliance to Support Business Finance
The Malta Chamber of Commerce, Enterprise and Industry and FIMBank plc have signed an alliance agreement to help Maltese businesses understand the banking and corporate finance options available to them.
What the Alliance Covers
The two organisations will work together on banking and finance topics that matter to businesses, with a focus on access to finance, working capital, business support and expansion abroad. The aim is to help companies learn about the financial products and banking services that can support their daily operations, make international trade easier and open up growth opportunities at home and overseas.
Why Finance Matters
Appropriate funding and sound corporate finance can help businesses manage their working capital, become more resilient and enter new markets. The Chamber brings its links with the business community, while FIMBank contributes its experience in corporate banking and trade finance. Together, they hope to encourage better-informed financial decisions and support enterprise development.
The Chamber’s View
William Spiteri Bailey, President of The Malta Chamber, said that access to finance is essential for growth, investment and international expansion. He argued that as Malta moves towards a higher-value economy, businesses need the right financial tools and expertise. He said the alliance would raise awareness of corporate and trade finance while promoting responsible business, sound financial management and sustainable growth.
The Bank’s View
Chris Trapani, Senior Vice President and Head of Retail and Corporate Banking at FIMBank, said the bank has built a team that combines experience with a strong commitment to customer service. He described the goal as more than lending, aiming instead to build long-term relationships and act as a trusted partner in clients’ growth.
Looking Ahead
Both organisations see the agreement as a way to share knowledge, collaborate and respond to the changing needs of Maltese enterprises. By putting banking, finance and internationalisation at the centre of their cooperation, they hope to help businesses see the opportunities available to them and grow in a sustainable way.