The Malta Development Bank (MDB) recently 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 milestone event marks the first time that the NEFI Permanent Working Group convened in Malta, reinforcing the country’s growing role as a hub for financial innovation and SME support.

The group plays a crucial role in shaping and implementing EU-wide promotional and financing schemes, with a key focus on improving SME access to finance. The discussions in Malta highlighted innovative solutions and strategic investments aimed at addressing the financial challenges faced by small and medium-sized enterprises.

MDB CEO Paul V. Azzopardi emphasized the importance of collaboration within the NEFI network, recognizing the meeting as a significant step toward enhancing financial instruments that benefit businesses.

“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.

For investors looking at Malta as an emerging financial hub, this development underscores the nation’s commitment to fostering a dynamic business ecosystem. The MDB’s engagement with NEFI and other European financial institutions signals an increased focus on SME growth, financial sustainability, and cross-border investment opportunities.

Stay tuned to MaltaInvest.mt for further insights on how these developments will shape the investment landscape in Malta.