Mediterranean Bank Network News

MBN's project selected for Eu funding


Wednesday, 07 September 2016

Mediterranean Bank Network, Valletta –

Mediterranean Bank Network (MBN) has competed successfully in the recent calls for proposals under the EUPA Erasmus+ programme. Its proposed project “Financial and forecasting models for entrepreneurs” has been awarded €299,897 under the Strategic Partnerships for Vocational Education and Training umbrella.

The EU-allocated funding will help support the development of a training model and tools to support micro enterprises and entrepreneurs, especially those pertaining to generation Y, to make responsible economic, financial and investment choices, not only for what concerns the management of the business finance but also those considered personal.

Marika Huber, Director of Mediterranean Bank Network who led the development of the successful bid, noted: “This is excellent news. The micro, small and medium enterprises are seen as crucial foundations to the EU economy, and this funding will allow us to initiate critical learning activities for entrepreneurs to develop financial capability in relation to their business management. Once the proposed activities are complete, SMEs and micro enterprises in Europe and around the Mediterranean will be poised to benefit from it.”

Mediterranean Bank Network (MBN) is a non-profit banking organisation for Mediterranean Banks established in November 1996. Its strategic partnership between leading and medium sized Mediterranean banks is designed to promote inter-regional commercial and business relationships amongst its members. Beyond its establishment as a banking association, Mediterranean Bank Network has participated in EU funded projects since 2011 in areas related to training within the Financial Services Industry, HR and change Management.  This project differentiates itself in targeting entrepreneurs so that they may also understand the decision making process of finance providers.

About the Project ‘‘Financial and forecasting models for entrepreneurs”

The project kick off meeting will be held in Malta on the 27th and 28thOctober 2016. The project is a Europe wide effort to build to boost financial literacy in micro enterprises thus helping them stay stable on the market, foster local economies and support further employability. The idea has been raised from the shared experiences of its project partners and the analysis of the sector – financial education. The project goals will be achieved by the joint efforts of all organisations involved in the consortium, as well as third parties and stakeholders, through the development of specific tools addressing the specific needs microenterprises entrepreneurs.

The consortium partners represent the different aspects addressed by the project: Mediterranean Bank Network (Malta) and Association EFFEBI (Italy) are organisations specific to the financial services sector -; Eurocrea Merchant (Italy) and IDEC (Greece) are organisations related the educational sector-; Bridging to the future (United Kingdom), Incubator Leeuwarden (The Netherlands) and Malta Business Bureau offer different consultancy perspectives to business and entrepreneurs .

Member banks
  • The Bank of Valletta Group is a leading financial services provider in Malta, providing retail banking, investment banking, private banking, fund management, bancassurance, stockbroking and trustee services.

  • Spain’s fourth largest private banking group, covering all areas of the financial business sector under a common denominator: professional performance and quality.

  • One of the leading banks in the Kingdom of Jordan. A bank that has distinctly adapted continuous development and improvement schemes in all of its activities.

  • BPCE Banques Populaires network has 8,500,000 clients and customers (including 3,900,000 members), more than 3,338 branches, and is part of the second largest French banking group – the BPCE Group.

  • With the largest network of banking, the Banque Populaire Group is the leading banking network in Morocco .By the end December 2012, its network was 1145 branches and over 1323 ATMs.