TradeMalta’s strategic partner, HSBC Bank Malta, has introduced a number of measures to support businesses that may be negatively affected by the Novel Coronavirus outbreak.
These measures which are coming into effect immediately for those businesses which meet the Bank’s credit criteria include:
1. Capital repayment holidays;
2. Fee-free temporary short-term working capital funding;
3. Faster turnaround on the issuance of shipping guarantees and the waiver of urgency fees; as well as the
4. Waiver of amendment fees on Letters of Credit impacted by delays.