Covid-19 Information
Financial Support Measures
Mindful that this outbreak stands to result in negative financial consequences on its customers, Lombard Bank has introduced the following measures:
Business
COVID-19 Working Capital Loan
To further our commitment in assisting business customers with cashflow requirements we will consider applications for working capital loans, at beneficial terms, under the Malta Development Bank (MDB) COVID-19 Guarantee Scheme (click
here for MDB website) as follows:
Costs eligible for working capital loans include:
- Wages and salaries;
- Lease payments on business property;
- Unpaid invoices in respect of working capital;
- Purchase of stocks and material.
- Maintenance costs
Eligibility
SMEs and Large Enterprises registered and operating in Malta are eligible to apply.
Amount and term of the Loans
Loan amounts range:
- Up to €10 million for SMEs;
- Up to €25 million for Large Enterprises.
Loans will be repaid over periods of up to four years which may be extended up to six years.
While terms and conditions apply, each request will be treated on its own merits.
For further details please contact our Commercial Credit Dept. on email
[email protected]
Personal
Lombard Bank will also assist those of its Home Loan customers whose income may be negatively affected by the COVID-19 pandemic.
Customers who may face difficulty in meeting their repayment programme, will be granted a twelve-month moratorium on 80% of the monthly Home Loan repayment. No fees will be chargeable but conditions may apply.
Customers who wish to avail themselves of this moratorium are invited to email:
[email protected] and we will get back to you.