Calamatta Cuschieri, in collaboration with Moneybase and The Malta Chamber, organised a unique seminar on Capital Markets on Tuesday, 18 April 2023. 13 leading representatives of the capital markets industry together with Mr. Joseph Portelli Chairman of the Malta Stock Exchange and Dr. Marthese Portelli, CEO of The Malta Chamber, gave their views on Capital Markets in Malta.
Interest from local businesses in borrowing money by issuing bonds or raising finance through Equity on the Malta Stock Exchange has continued to grow in recent years. The aim of the event was to help familiarise companies considering a listing themselves with the ins and outs of the listing process. Leading stakeholders participated in the event and shared their experience of raising capital through a listing on the exchange. The attendance at the seminar, which was fully booked, attests to the growing interest in listing locally.
Alan Cuschieri, CEO of Moneybase and Co-CEO at Calamatta Cuschieri opened the seminar entitled, ‘The Capital Markets Boom’ commented “Capital Markets has grown considerably in Malta, and today we all realise the importance for companies to be able to access finance easily to allow them to flourish and achieve their full potential. The success of capital markets in Malta is made possible thanks to a healthy environment for retail investors locally who are able to access capital markets cheaply and easily online or through their financial advisor.”
Calamatta Cuschieri is a leader in capital markets in Malta providing services to companies which help them throughout the listing process and helping them to raise finance swiftly through Bond issues or to raise capital via Equity listings on the Malta Stock Exchange During his keynote, Nick Calamatta highlighted “The Investment and savings market in Malta is circa €15Bn, and this is expected to continue to grow as a function of more affluence and a growing population that has grown from circa 400k to 600k in the last ten years, as a result of this bank deposits of households today exceed €24Bn.” Similarly, there has been an large increase in corporate bond issues since 2013 more than doubled in number, from 50 to 120 whilst the value of Maltese corporate bonds has gone from €1Bn to €2.5Bn. “
In his opening address for a panel discussion Patrick Mangion Head of the Capital Markets Division at Calamatta Cuschieri said “Borrowing money from the bank and borrowing money through a bond issue are no longer seen as alternatives to each other but as complementary to each other. The number of local corporate entities which have a listing on a local exchange stands at an all-time high of 106. This is a testament to the fact that the business community has become much more attuned to the benefits of listing.”
Dr Marthese Portelli, CEO of The Malta Chamber in her closing remarks said “In today’s fast-moving world businesses are facing new realities and new exigencies, including on the financing front. We are firm supporters of agility and adaptability. The alliance between The Malta Chamber and Moneybase is offering businesses an alternative to traditional financial instruments in line with digital evolution and ecosystem transformation.”
In his concluding remarks, Alan Cuschieri said, “We are delighted to have managed to get the best of what Malta has to offer together to share their knowledge, take part in some interesting discussions. I would like to thank all the panellists for their participation and all the businesses who attended this event.” Moneybase has been working closely with the business community, listening to their needs and pain points and this is a first step towards our contribution towards local business. The company announced it plans to organise other initiatives in the future covering other areas of interest to business which will be announced soon. The seminar was held at the Chamber of Commerce premises in Valletta and followed by a networking event. Calamatta Cuschieri also provides Wealth Management services to businesses and intends to organise seminars on wealth management specifically for the benefit of local companies. Calamatta Cuschieri Finance Group is one of Malta’s largest financial services provider which pioneered the local financial services industry as early as 1971. Today the company offers a wide range of services including Investment Advice, Moneybase a digital platform that offers online investing and payments, saving plans, retirement planning and wealth management services amongst others.