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ARTICLE · 20 NOVEMBER 2023

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Banks' Sustainability Incentives Key Factor For Prospective Homeowners – KPMG Report

Prospective homeowners who plan to buy their property by means of a bank loan tend to give high importance to sustainability incentives offered...

MaltaFinance and Banking

BOV CHAIRMAN AND CEO PARTICIPATE IN PANEL DISCUSSIONS  AT THE PRESENTATION OF THE REPORT

Prospective homeowners who plan to buy their property by means of a bank loan tend to give high importance to sustainability incentives offered by banks, as well as the availability of online home loan application capability, and flexibility offered for home loan appointments. These insights were presented during the latest Construction Industry and Property Market Report, conducted by KPMG and which was co-sponsored by Bank of Valletta alongside other local banks and sponsors.

During a panel discussion on affordability concerns, Bank of Valletta CEO Mr Kenneth Farrugia stressed the importance to incentivise the development of sustainable properties, with a particular focus on the social elements of ESG that complement environmental incentives and good governance principles. “Bank of Valletta is experiencing an increase in the demand for sustainable properties, covering both

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