HSBC Malta and TradeMalta part­ner to take Mal­tese busi­nesses across borders

Malta Independent - - BUSINESS & FINANCE -

HSBC Malta and TradeMalta have signed a part­ner sup­port agree­ment herald­ing a new era in in­ter­na­tion­al­i­sa­tion of Mal­tese busi­nesses amid an in­creas­ingly com­pet­i­tive global econ­omy.

The strate­gic part­ner­ship en­ables TradeMalta and its mem­bers to har­ness the world­wide reach of HSBC, while the bank can help Malta-based busi­nesses suc­ceed in the in­ter­na­tional arena.

The agree­ment was signed by HSBC Malta Com­mer­cial Bank­ing head Michel Cor­dina and TradeMalta chair­man David Curmi, in the pres­ence of Min­is­ter for the Econ­omy, In­vest­ment and Small Busi­ness Dr Chris Car­dona.

TradeMalta was es­tab­lished in 2015 as a pub­lic-pri­vate part­ner­ship be­tween the Gov­ern­ment of Malta and the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try with the aim of as­sist­ing lo­cal en­ter­prise in reach­ing for­eign mar­kets with their prod­ucts and ser­vices.

It or­gan­ises coun­try in­for­ma­tion and ed­u­ca­tional sem­i­nars reg­u­larly, sup­ports in­com­ing and out­go­ing busi­ness mis­sions, and car­ries sec­tor-spe­cific sur­veys. Thanks to the sup­port of HSBC, TradeMalta has also in­sti­tuted a rig­or­ous train­ing course for early-stage ex­porters called the ‘Go Global Pro­gramme’.

Michel Cor­dina said: “For 150 years HSBC has been where growth is, con­nect­ing cus­tomers to op­por­tu­ni­ties. HSBC Malta is com­mit­ted to sup­port busi­nesses and help­ing them dis­cover the strong­est av­enues for busi­ness growth. While HSBC Malta’s pop­u­lar Malta Trade for Growth Fund (MTFG) ad­dresses any fi­nanc­ing hur­dles busi­nesses may face, the co­op­er­a­tion be­tween the bank and TradeMalta tack­les all ex­port-re­lated chal­lenges in their broad­est sense.”

David Curmi said: “Fi­nan­cial in­sti­tu­tions are piv­otal to any ex­porter. Apart from pro­vid­ing trade fi­nance they also of­fer a wide range of in­ter­na­tion­al­i­sa­tion ser­vices to busi­nesses who de­cide to ven­ture out­side our shores. We are very pleased that HSBC ap­proached TradeMalta right af­ter its in­cep­tion and sought ways on how to ac­tively col­lab­o­rate with our agency and the com­pa­nies that in­ter­act with us. To­day we are for­mal­is­ing a three-year agree­ment with one of Malta’s lead­ing banks and through this ar­range­ment the bank will be sup­port­ing TradeMalta on var­i­ous initiatives.”

Min­is­ter Car­dona said: “This agree­ment strength­ens and pro­vides a more sus­tain­able frame­work for TradeMalta, with HSBC’s col­lab­o­ra­tion be­ing a vote of con­fi­dence not only in TradeMalta’s goals, but also in the en­ter­prises shap­ing our boom­ing lo­cal econ­omy. We hope this agree­ment beck­ons Mal­tese busi­nesses and ser­vice providers to think big­ger, and be­yond our lo­cal mar­ket.”

As one of the world’s largest fi­nan­cial in­sti­tu­tions, HSBC is well es­tab­lished in key ge­ogra­phies and op­er­ates across a large num­ber of the world’s most im­por­tant trade cor­ri­dors. Its global net­work serves cus­tomers world­wide from more than 6,000 of­fices in over 70 coun­tries and ter­ri­to­ries in Europe, Asia, North and Latin Amer­ica, the Mid­dle East and North Africa.

HSBC Malta Com­mer­cial Bank­ing head Michel Cor­dina (left) with TradeMalta Chair­man David Curmi at the sign­ing of the part­ner sup­port agree­ment as Min­is­ter Car­dona (cen­tre) looks on

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