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From left to right: area manager Bankia Toledo and Guadalajara, José Campo; provincial chairwoman ASAJA, Blanca Corroto; corporate director Bankia Castilla-La Mancha and Extremadura, Jaime Campos; Isidoro Gómez, Technical Services Department ASAJA.

Business

Bankia and ASAJA Toledo sign an agreement to facilitate the processing of the CAP in Castilla-La Mancha

The entity exempts from the main administration and maintenance commissions in all its accounts those beneficiaries of the CAP that domicile the aids in Bankia.
 

Communication Bankia

By  Communication Bankia

Publish on 
13 March 2019 - 13:30

  • The agreement will speed up the advance payment of aid from the Common Agricultural Policy (CAP) and will offer financing conditions adapted to the needs of cooperatives and their members
  • The aid may be paid directly at the Bankia branches in Castille-La Mancha

Bankia and ASAJA (Agrarian Association of Young Farmers) of Toledo have signed a collaboration agreement to streamline the management and processing of the Common Agricultural Policy (CAP) aid at all the bank’s branches in Castille-La Mancha.

The agreement was signed at the regional head offices of Bankia in Castilla-La Mancha, based in Toledo, by the provincial chairwoman of ASAJA, Blanca Corroto; and the corporate director of Bankia in Castilla-La Mancha and Extremadura, Jaime Campos. The event was also attended by Bankia area manager in Toledo and Guadalajara, José Luis Campo.

The corporate director of Bankia in Castille-La Mancha and Extremadura stressed that “once again, Bankia supports young farmers through agreements such as the one we have signed with ASAJA”. “This agreement represents considerable support for farmers and an economic boost for a region that is so relevant for the bank”, he underlined.

The provincial chairwoman of ASAJA, Blanca Corroto, has welcomed Bankia's support for farmers in the province with measures such as the CAP advance payment. She also highlighted “the work carried out by the technical services of ASAJA Toledo, both in terms of advice, aimed at resolving any queries that may arise regarding CAP regulations, and in the processing of applications for agricultural aid”.

The main objective of this agreement is to establish a framework for commercial collaboration between the parties aimed at channelling the CAP aid dossiers through the network of Bankia branches. The entity will not charge the CAP aid beneficiaries the main administrative and maintenance fees on all their accounts when they arrange to receive the aid payments directly to their bank account. In addition, these beneficiaries have the option of requesting that Bankia provides them with an immediate advance payment of up to 90% of the amount to which they are entitled.

This agreement is a continuation of the support that Bankia has been providing to ASAJA Toledo and its associates in recent years.

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