The Malta Development Bank (MDB) was established on 24 November 2017 when the Malta Development Bank Act, 2017 came into force (Act No XXI of 2017 – CAP 574). It commenced operations on 11 December 2017 when the Board of Directors was appointed and held its first meeting. The MDB is fully owned by the Government of Malta.
The objective of the MDB is to contribute towards a sustainable economic development that benefits the Maltese people in line with public policy objectives by:
promoting inclusive and environmentally sustainable economic growth
supporting infrastructure development
linking entrepreneurship, investment and economic growth to improved living conditions, a higher quality of life, and better social inclusion.
The MDB’s strategic objective is to offer financing facilities that support productive and viable operations where the market is unable or unwilling to accommodate such activities on its own in whole or part. The MDB’s activities focus on complementing and supplementing the operations of market players in the provision of financing facilities, particularly to SMEs, infrastructure projects that contribute to national or regional development, and projects which are socially-oriented, energy efficient and environment friendly.