Ac­cel­er­at­ing busi­ness with Banif and the Euro­pean In­vest­ment Fund

Fol­low­ing the re­cent news of Banif Bank’s agree­ment with the Euro­pean In­vest­ment Fund, we caught up with Head of Busi­ness Strat­egy at Banif, to learn all about Banif Busi­ness Ac­cel­er­ate and what it means for Small to Medium En­ter­prises (SMEs).

Malta Independent - - BUSINESS & FINANCE -

what re­ally stands out is that the amount of col­lat­eral needed much lower than that which is nor­mally re­quested. This means that SMEs can in­ject new cap­i­tal into their busi­ness with no or min­i­mal se­cu­rity de­pend­ing on the risk pro­file of the client. in one of the fol­low­ing sec­tors among oth­ers: tourism re­lated ac­tiv­i­ties; whole­sale and re­tail ser­vices; man­u­fac­tur­ing; ICT prod­ucts and ser­vices; arts, en­ter­tain­ment and re­cre­ation; and re­search, de­vel­op­ment and in­no­va­tion ac­tiv­i­ties.

Ok so we know who can use it. Now, what ex­actly can the funds be used for?

The pos­si­bil­i­ties are end­less. SMEs can make use of the funds ob­tained through Banif Busi­ness Ac­cel­er­ate to up­grade their equip­ment, ICT or even their premises. They can be used to fund a new re­search-based project, to de­velop a new prod­uct or ser­vice or to pen­e­trate a new mar­ket. This prod­uct makes it pos­si­ble for en­trepreneurs to re­alise their vi­sion, what­ever it may be. and a free Visa Debit Card.

Bank­ing with Banif means that SMEs will have a trusted part­ner in busi­ness bank­ing. Our Re­tail and Cor­po­rate teams boast a wealth of pro­fes­sional ex­pe­ri­ence and in­dus­try knowl­edge. Fur­ther­more, our cus­tomer-cen­tric model means that ev­ery cog in the bank’s struc­ture is geared to of­fer the best pos­si­ble ser­vice to our es­teemed clients in terms of ef­fi­ciency, help­ful­ness and pro­fes­sion­al­ism.

For more in­for­ma­tion, visit www.banif.com.mt or call Cus­tomer Care on 2260 1000.

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