The collaboration underlines the point that the film industry in Malta is considered to be one of the potential areas for growth in the local economy.

The agreement was signed by Malta Film Commissioner Engelbert Grech and Bank of Valletta CEO Charles Borg.

“This is a collaborative effort which will help generate added value towards the continuous economic development of the film industry,” Grech said. "The Malta Film Commission is continuously striving to attract films to Malta that will create sustainable jobs and generate economic growth. This agreement with Bank of Valletta is an important step forward in view of the gap which existed in the film industry. I am confident that this agreement will facilitate the work of the local producers and will make Malta even more competitive on an international level.”

“Bank of Valletta has always been at the forefront in supporting the business and in spearheading initiatives which seek to attract investment to Malta,” Borg said. "The filming industry is one of the economic pillars with growth potential and it is a pleasure for Bank of Valletta to associate itself with the Malta Film Commission, forming an agreement which will support the industry in attracting more business to our shores.