MediaToday
News | Wednesday, 20 May 2009

HSBC and Malta Enterprise sign partnership agreement

HSBC Bank Malta and Malta Enterprise recently signed a two-year agreement for collaboration in attracting foreign investment to Malta and supporting businesses operating in the Maltese islands to improve their international competitiveness. The collaboration will also benefit Maltese entrepreneurs interested in expanding business overseas.
Malta Enterprise intends to expand its role to assist Maltese SMEs to grow internationally through the coordination of business delegations, trade fair participation and other support measures.
HSBC has committed to support Malta Enterprise in its overseas business missions planned for 2009 and 2010 where the Bank has a presence. It will actively promote the missions with selective business customers and through the use of the Bank’s overseas network to generate contacts for Maltese businesses.
HSBC and Malta Enterprise will also collaborate to target countries where HSBC can identify customers in particular sectors through its network.
Malta Enterprise Chairman Alan Camilleri said: “The main scope is to exploit the strong business network that HSBC Bank has in Malta and overseas, and through this strategic alliance more awareness and visibility will be generated for Maltese SMEs looking to expand overseas. The strategy for Malta Enterprise is to support the business community by means of enterprise support measures and focus on the attraction of new foreign direct investment.”
On an ad hoc basis, HSBC has already participated in recent overseas business missions organised by Malta Enterprise in Poland and the Czech Republic. These visits encouraged the two entities to enter into this binding agreement to consolidate further the synergies created and build on them for growth in the Maltese economy.
“Through our global network, we are better placed than other banks to connect the Maltese business community with the right people in the right places,” said Richard J. Cottell, Head of Commercial Banking at HSBC Malta. “We have real local insight and understanding in those countries where we are represented and this global knowledge helps us to guide local business people with sound proactive advice and support. We also want our customers to find doing business internationally as easy as doing business in Malta.”
HSBC has a commercial global network comprising of more than 7,000 business experts in 65 countries and territories in the Asia Pacific region, Europe, the Americas, the Middle East and Africa.

PRINT THIS ARTICLE

Other News

Finance Ministry hides Gozo ferry losses

Hundreds expected to appeal after VAT interest court ruling

European hospitality industry calls for shift in EU policies

MEA clarifies misconceptions on Maternity Leave

Cordina calls for trustworthy resources regulator

MHRA welcomes the setup of an agency to manage beaches

Central Bank releases monetary statistics

Scandinavians to power up Malta

Greek sporting magnate arrested in Malta

Ryanair proposes base in Malta against reduced charges

MHRA slates NSO on hotel pricing stats

Comment: Adding value to the hospitality product

Innovative Medicine Initiative

Quo vadis Enemalta?

HSBC and Malta Enterprise sign partnership agreement

GS1 2009 Saudi Symposium

BOV Sponsors Dean’s List for 13th Consecutive Year

“Delaying eco-tax refunds is a disservice to well deserving companies” - GreenPak

Children benefit from Helen O’Grady development programme

Here come the girls

 


 


20 May 2009
ISSUE NO. 583

Collaborating partners:


www.german-maltese.com


Malta Today

illum


 

Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan