The Bank of Valletta is providing financial assistance to the local agricultural sector by introducing a new financing package to support agricultural and rural development projects eligible for EU funding. This new product from BOV offers part-time and full-time farmers, as well as producer and network organisations, the opportunity to implement projects that benefit from the EU Structural Funds for the programming period 2007-2013.

Those applying for these funds will receive reimbursements for a substantial amount of their costs from EU Structural Funds, the Maltese Government and the EU. The remaining funds may be financed by the customer through bridge and co-financing, which is an area of expertise that BOV is making readily available to the sector.

By introducing this new product the bank will be covering up to 85 percent of the total costs through bridge financing and co-financing opportunities, thereby helping to alleviate possible cash flow problems.

The BOV 4 Agriculture Financing Package is being offered at advantageous interest rates with a repayment term of up to 5 years for the purchase of machinery and up to 20 years for other fixed assets investments. The product also includes a 6 months moratorium from the date of the first drawdown on loan balances.

For further information customers can visit any BOV branch, call the customer service centre on 21312020 or log on to the BOV website on www.bov.com. All loans are subject to normal bank lending criteria and final approval from your BOV Branch.

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