Malta Development Bank hosts Network of European Financial Institutions for SMEs meeting in Malta

The Malta Development Bank (MDB) has hosted the quarterly meeting of the Network of European Financial Institutions for SMEs (NEFI) Permanent Working Group, bringing together over 30 representatives from 17 promotional banks across the European Union (EU) and the United Kingdom.

This marks the first time that the NEFI Permanent Working Group convened in Malta.

The group plays a crucial role in providing expertise and strategic guidance to the EU and its financial institutions, particularly in shaping and implementing EU-wide promotional and financing schemes.

A key focus of the discussions in Malta centred on addressing challenges that small and medium-sized enterprises (SMEs) face in accessing finance and exploring innovative solutions to enhance financial support for businesses.

Welcoming the delegates, MDB CEO Paul V. Azzopardi underscored the importance of collaboration within the NEFI network. He highlighted how the Permanent Working Group has evolved into an invaluable platform for discussing key financial and policy developments while also fostering meaningful partnerships across Europe.

“In a world where challenges are ever-changing—whether it be economic uncertainty, sustainability imperatives, or digital transformation—our collaboration has never been more important. By working together, sharing insights, and learning from one another, we strengthen our ability to respond proactively and effectively to emerging needs of SMEs,” Mr Azzopardi stated.

The MDB’s role in facilitating such discussions reflects its commitment to supporting SMEs, a cornerstone of Malta’s economic framework.

The insights shared during the NEFI Permanent Working Group meeting are expected to contribute to more effective financial strategies and instruments that will benefit businesses across the EU and the UK.