scroll to explore

Credit & Financial Institutions

Banking on Green Energy

by Bank of Valletta

12th February 2021

Financing of green investments is an integral and strategic leap towards a more sustainable future. It is a socially responsible means of funding to support the transition from carbon dependence to more sustainable alternatives.

The newly launched BOV Personal Energy Loan was discussed during a recently held webinar co-hosted by Bank of Valletta and The Malta Chamber for the green energy business sector.

“Personal customers now have a solution to finance an environment friendly investment through energy efficiency and renewable energy products,” stated Alan Micallef, Head Consumer Finance at Bank of Valletta. He highlighted that it is expected that more consumers will be interested in green products as sustainability gains more traction within the Maltese society, and that offering affordable and accessible bank financing is one way to instigate demand. “In light of better loan terms and affordable interest rates, the value of such products is expected to rise,” continued Mr Micallef.

The BOV Personal Energy Loan is a low-cost financing solution designed to finance investments that help reduce your carbon footprint. With a maximum lending amount of €50,000, it can be spread over 15 years and comes with several benefits such as zero processing fees, a low variable interest rate and an interest rate subsidy for the first 3 years. Furthermore, consumers are not required to provide any security or contribution. The loan can cover costs of installation and external connectivity of equipment and fixtures that generate renewable energy and sustain energy efficiency such as PV panels, solar water collectors and space heating, as well as numerous measures including insulation, EV charging stations and cooling systems.

The BOV Personal Energy Loan is financially supported by the Energy Efficiency and Renewable Energy Malta Fund (EERE) which is co-financed by the Republic of Malta and the European Union under the European Regional Development Fund (ERDF).

All loans are subject to normal bank lending criteria and final approval from the Bank. The term of the loan must not go beyond retirement age. Terms and conditions are available on www.bov.com. Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, Il-Belt Valletta VLT 1130. Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta).

'Credit & Financial Institutions' Related News Articles

Fintech

INSIGHT Interview: Alan Cuschieri, Founder of Moneybase

by FinanceMalta

5th August 2022

Fintech

Member Spotlight: Fyorin

by FinanceMalta

5th August 2022

Credit & Financial Institutions

Banking on Green Energy

'Credit & Financial Institutions' Related News Articles

INSIGHT Interview: Alan Cuschieri, Founder of Moneybase

Member Spotlight: Fyorin

Member Spotlight: Exchange Capital Partners

Learn More About How a Custom Audit Approach Can Help Your Business.

PrimeGlobal Named Association of the Year 2022 at IAB Awards ¦ Winning in Business with Advisory Culture.

BNF Bank launches a Credit Card Campaign with chance to win once-in-a-lifetime World Cup experience

A Banking Regulator’s Perspective

Malta SUPERYACHT Symposium I 6th – 7th July 2022

BOV Management meets Shareholders at Information Session

BNF Bank continues to support literacy initiatives

Griffiths + Associates appoints the new Audit Director

BOV Asset Management launches the sixth reading of the Investor Sentiment Index for Malta.

MariMatch at Posidonia 2022 | 9 – 12 June

Bank of Valletta holds 48th Annual General Meeting

Member Growth Story: BNF Bank

Infocredit Group shortlisted as ‘Credit Information Provider of the Year ‘at Credit Awards 2022!

The Next Leap Forward: Succeeding through Change

The Business Cooperation on Blue Growth in Europe | May 10 – May 12, 2022

Creating Value from Emerging Trends in Business

Bank of Valletta announces €22.0 million profits for Q1 2022

14th International Taxation Conference l organized by the Malta Academy for Taxation Studies & the Malta Institute of Management l 3rd May 2022

Dr Jean Noel Cutajar appointed Chief Legal Officer of BNF Bank

Infocredit Group sponsors the Webinar “AML, Sanctions and Embargoes: Understanding the risks and learn how to mitigate them”, organized by FEBIS

Free Webinar from Infocredit Group: “Transforming Consumer Creditworthiness and Affordability with the help of PSD2”

Infocredit Group and MACM join forces to support the Maltese Business Community with Innovative Credit Risk Management and Compliance Solutions

Bank of Valletta and GWU sign new 3-year collective agreement

BOV announces strong 2021 financial results despite challenges

BOV discusses career opportunities during KSU Career EXPO

BOV Visa Cards not available in Russia

Internal governance: Focus on gender diversity and balance in the EBA guidelines

BOV Renews Gold Partnership with The Malta Chamber

BOV’s Siġġiewi and Żurrieq Branches reopen with New Concept

Embracing Digitisation and Digital Payments discussed by BOV and the GBC

Additional €15 million for students furthering their studies

BOV Paola Concept Branch reopens for Business

Detrimental Impact of Unwarranted De-Risking

EBA opinion on ‘de-risking’

The new MFSA banking rule 24 on internal governance

Creditinfo awarded license as Malta’s first Credit Bureau

BNF Bank engages Bortex and Luke Azzopardi for new corporate uniforms

BNF Bank wins again The Banker, ‘Bank of the Year 2021’ Award for 2nd Consecutive Year

Youth entrepreneurship with a fine human goal – BOV Chairman

Fitch affirms A+ Malta rating with stable outlook

‘Are You Ready for 2022?’ By Western Union Business Solutions

BNF Bank Participates in EY’s Future Realised Week 2021

Putting ESG at the Heart of our Operations – Bank of Valletta

New BOV Tas-Sliema Concept Branch Inaugurated

A single EU anti-money laundering rulebook – Charles Cronin

Gozitan Youth Entrepreneurship receives BOV Support

Several benefits for students with the BOV Club 2021

An overview of trade-based money laundering

BNF Bank is expanding the network of Express Deposit Machines

Dr Katya Azzopardi wins the BOV Prize in Medicine for 2021

BNF Bank employees get casual for generosity

Bank of Valletta stages a revival in profitability

Member Spotlight – Trust Stamp: Advancing Financial Inclusion in Emerging Markets from Malta

Member Spotlight – Borg Galea & Associates: Boutique Accounting Firm with Plans to Scale Up

Member Spotlight – Finductive: Part and Parcel of Malta’s Fastest Growing Industries

The role of Internal Audit within the AML Framework

Financing green energy investments

Digital Solutions can cushion the crisis and create opportunities

Banking on green with the BOV Energy Loans

Growth in contribution to the Gross Value Added (GVA), as well as in employment within Malta’s financial services industry according to the MFSA’s 2020 Annual Report

Financial Matters for Graduates

Open a term deposit with BNF Bank and enjoy higher interest rates

BOV Chief Executive Officer Rick Hunkin re-elected Chairman of the MBA

BNF Bank gives new life to its St Julian’s branch façade

A 40% increase in businesses shifting to BOV’s Digital Batch Payments

SAXO Bank Chief Economist optimistic for recovery in Malta’s Trade, Transport and Tourism

MFSA: Guidance on IT related Arrangements

Bank of Valletta holds 47th Annual General Meeting

Regenerating the economy – a business webinar on the new Malta Enterprise Schemes

The future of Trade, Transport and Tourism in Malta – a business webinar by BOV, Saxo Bank and Malta Maritime Forum

New BOV Securekey for Businesses

More Value for BOV Shareholders

Importance of Anti-Money Laundering practices

Plan your future with Bank of Valletta