The Liquidity Support Guarantee Scheme is targeted towards all impacted business, with specific measures aimed at fuel and oil importers
The Malta Development Bank (MDB) has launched the Liquidity Support Guarantee Scheme (LSGS) which is the second emergency liquidity support measure as part of an aid package in response to the Ukraine crisis. The first measure was in support of grain imports.
The LSGS consists of two measures; one open to all undertakings affected by the crisis (LSGS-A) and the other specific to the fuel and oil importers (LSGS-B).
LSGS-A is aimed at all sectors of the economy and all types of businesses irrespective of size. It will enhance access to bank financing to support undertakings whose cashflow was adversely impacted by the disruptions in supply chains and other pressures brought about by the Ukraine crisis.
LSGS-B is directed towards fuel and oil importers. The objective is that of supporting firms operating in this sector to ensure security of strategic supply in view of developments related to war in Ukraine which have had a significant impact on the energy industry.
Both measures are guaranteed by the MDB and backed by a Government Guarantee covering 90% of each working capital loan under LSGS-A and 80% under LSGS-B. Facilities under both measures benefit from an interest rate subsidy of up to 2.5 percentage points on the outstanding amount of the working capital loan, subject to a minimum interest payment by the borrower of 0.1%. The interest rate subsidy is applicable during the first two years of the loan starting from the date of first disbursement of the loan.
The MDB is making available a total portfolio of €100 million in working capital loans under LSGS-A and a portfolio of €50 million under LSGS-B. The maximum term of loans is up to 6 years and the maximum loan amount is determined on a case-by-case basis based on turnover, energy costs and liquidity needs. Both measures are available until the end of the year.
With the combination of the guarantee and the interest rate subsidy, these measures will be facilitating the availability, accessibility and affordability of cashflow into the real economy during such challenging times.
In order to qualify for these subsidized loans firms are required to demonstrate in a clear manner that their cash flow has been adversely and directly affected by the aggression against Ukraine.
Businesses will be able to apply for the loans with the credit institutions that will soon be accredited by the MDB. The list of credit institutions will soon be made available on the MDB website, along with more details on both measures.
L-MDB iniedi skema ta’ likwidità ta’ emerġenza ta’ €150 miljun bħala għajnuna għan-negozju fid-dawl tal-kriżi Ukrena
L-Iskema ta’ Garanzija b’Appoġġ għal-Likwidità hija mmirata lejn in-negozji milquta kollha kif ukoll b’miżuri speċifiċi mmirati għall-importaturi tal-fjuwils u ż-żejt
Il-Bank Malti għall-Iżvilupp (MDB) nieda Skema ta’ Garanzija b’Appoġġ għal-Likwidità (LSGS) li hija t-tieni miżura ta’ emerġenza li tipprovdi sostenn għal-likwidità bħala pakkett ta’ għajnuna b’rispons għall-kriżi Ukrena. L-ewwel miżura kienet waħda ta’ appoġġ għall-importazzjoni tal-qmuħ.
L-LSGS tikkonsisti f’żewġ miżuri: waħda miftuħa għall-intrapriżi kollha milquta mill-kriżi (LSGS-A) u l-oħra speċifika għall-importaturi tal-fjuwil u ż-żejt (LSGS-B).
L-LSGS-A hija mmirata għas-setturi kollha tal-ekonomija u kull tip ta’ negozju irrispettivament mid-daqs tieghu. Din se ssaħħaħ l-aċċess għall-finanzjament bankarju biex jiġu megħjuna dawk in-negozji li l-likwdità tagħhom ġiet milquta ħażin mit-tfixkil fis-sistema tal-provvisti u pressjonijiet oħra li ġabet magħhom il-kriżi fl-Ukrajna.
L-LSGS-B hija mmirata lejn l-importaturi tal-fjuwil u ż-żejt. L-għan tagħha huwa li tappoġġja lill-entitajiet li qed joperaw f’dan is-settur biex jiżguraw is-sigurtà tal-provvista fid-dawl tal-iżviluppi marbuta mal-gwerra fl-Ukrajna li ħalliet impatt notevoli fuq l-industrija tal-enerġija.
Iż-żewġ miżuri huma garantiti mill-MDB u għandhom l-appoġġ ta’ garanzija tal-Gvern li tkopri 90% ta’ kull self fuq working capital taħt l-LSGS-A u 80% taħt l-LSGS-B. Il-faċilitajiet taħt iż-żewġ miżuri jgawdu minn sussidju fuq ir-rata tal-imgħax ta’ 2.5 punti perċentwali fuq l-ammont pendenti tas-self fuq working capital, bil-kundizzjoni li jkun hemm ħlas ta’ imgħax minimu ta’ 0.1% mill-kumpanija li tkun isselfet. Is-sussidju fuq ir-rata tal-imgħax huwa applikabbli matul l-ewwel sentejn tas-self u jibda mid-data tal-ewwel trasferiment tas-self.
L-MDB qed jipprovdi portafoll totali ta’ €100 million f’self fuq working capital taħt l-LSGS-A u portafoll ta’ €50 miljun taħt l-LSGS-B. It-terminu massimu tas-self huwa ta’ sitt snin u l-ammont ta’ self massimu huwa determinat skont il-każ fuq bażi ta’ turnover, spejjeż tal-enerġija u ħtieġa ta’ likwidità. Iż-żewġ miżuri se jkunu disponibbli sal-aħħar tas-sena.
Biex jikkwalifikaw għal dan is-self sussidjat, il-kumpaniji għandhom juru b’mod ċar li l-likwidità tagħhom intlaqtet b’mod negattiv u dirett mill-aggressjoni kontra l-Ukrajna.
In-negozji se jkunu jistgħu japplikaw għas-self mal-istituzzjonijiet ta’ kreditu li se jkunu akkreditati dalwaqt mill-MDB. Il-lista ta’ istituzzjonijiet ta’ kreditu se tkun disponibbli fuq is-sit tal-MDB, flimkien ma’ aktar dettalji dwar iż-żewġ miżuri.