Jump Main Menu. Go directly to the main content

Sección de idiomas

Englishen

Fin de la sección de idiomas

You are in:

  1. Home
  2. Communication
  3. News

News

Start of main content

From left to right: the corporate regional director of Bankia in the Islas Canarias, Federico Navarro; the general manager of AvalCanarias, David Nin; and the regional sales director of Bankia in the Islas Canarias, Mercedes Ballester.

Business

Action to address the coronavirus crisis

Bankia and AvalCanarias sign an additional 20-million line of credit to help SMEs and self-employed workers affected by COVID-19

The entity shows its interest in contributing to the development of the business fabric, maximum in these times where many companies have been affected by the pandemic.

Communication Bankia

By  Communication Bankia

Publish on 
06 July 2020 - 12:45

  • The agreement signed by the two institutions will make it possible to finance operations of up to 100,000 euros by Islas Canarias companies for the purpose of supporting their economic activity in light of the consequences of the coronavirus
  • The agreement was signed at Bankia’s regional headquarters in the Islas Canarias by the bank's corporate regional director in the Islas Canarias, Federico Navarro; the regional sales director, Mercedes Ballester; and the general manager of AvalCanarias, David Nin

Bankia and AvalCanarias, the Reciprocal Guarantee Company (RGC) of the Islas Canarias, have signed a collaboration agreement to launch a credit line of up to 20 million euros to finance small and medium-sized businesses and self-employed workers in the Islas Canarias affected by the COVID-19 crisis.

The collaboration agreement in place between the two financial institutions since 2012 will enable implementation of a line of credit, backed by the Regional Government of the Islas Canarias and the various Island Councils, with which to finance operations of up to 100,000 euros for Islas Canarias companies for the purpose of providing a series of solutions and liquidity to the business fabric of the Islands and to support its economic activity in the face of the consequences of the coronavirus.

The agreement was signed at an event at Bankia’s headquarters in the Islas Canarias by the corporate regional manager of Bankia in the Islas Canarias, Federico Navarro; the regional sales director, Mercedes Ballester; and the general manager of AvalCanarias, David Nin.

The corporate regional manager of Bankia in the Islas Canarias highlighted ‘the importance of these credit lines for the business fabric of the archipelago and Bankia’s clear commitment to improving the liquidity of the sectors most affected by this situation’.

‘AvalCanarias is aware of the problems the economic situation related to the pandemic is causing our SMEs and self-employed workers, and together with Bankia we want to help mitigate it’, said the general manager of AvalCanarias.

Along the same lines, Bankia’s regional sales director highlighted ‘the good historical relationship with the RGC and the importance of providing financing to the sectors that may have the most difficulties accessing it’.

AvalCanarias

Avalcanarias is the Reciprocal Guarantee Company (RGC) of the Islas Canarias. Its primary mission is to grant guarantees to improve the financial conditions under which SMEs and self-employed workers access loans for investment or liquidity. 

Share

Print and/or download the new

Read more about these topics

#Business

Related news

Loading...
Loading next new

Newsletter

Subscription to the bulletin of Bankia News

CONTACT

External Communication Direction

Virginia Zafra de Llera
DIRECTOR OF EXTERNAL COMMUNICATION
vzafra@bankia.com

 

Press Relationship

Guillermo Fernández Martín
DIRECTOR OF PRESS RELATIONSHIP
gfernandezm@bankia.com

Mariano Utrilla Cortijo
mutrilla@bankia.com

Irene Rivas García
irivas@bankia.com

Belén Porras Povedano
bporras@bankia.com

María Campos Lages
mcamposla@bankia.com

 

Digital Communication

Ana Bernad Colás
DIRECTOR OF DIGITAL COMMUNICATION
abernad@bankia.com

Leticia Lucio Álvarez
llucio@bankia.com

María Navarro Caballero
mnavarro@bankia.com

   

End of main content