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Bankia starts commercialisation of the 'ICO Exporters Line 2019'

"These data are a clear sign of Bankia's determined commitment to foreign trade in order to meet the demand of SMEs to facilitate their exports," said Alberto Jiménez, director of Business Financing.

Communication Bankia

By  Communication Bankia

Publish on 
01 March 2019 - 09:45

  • It is aimed at Spanish freelancers and companies that want to obtain liquidity by obtaining an advance in the invoices from their export activity or covering prior production and processing costs of exported goods.
  • It will be possible to finance up to 100% of the amount of the invoice or the sale amount of the goods or services, provided that it does not exceed 12.5 million euros of outstanding balance per customer and year.
  • Bankia ended 2018 as the leading entity in financing to companies through ICO lines, by formalising 750 million euros, which meant a market share of 32%, the highest among the 23 banks that offer this product.
  • Last year Bankia processed 490 million euros from the 'ICO Exporters Line 2018', a 60% share.

Bankia has started commercialisation of the 'ICO Exporters Line 2019' with the aim of giving financial support to the internationalisation process of Spanish companies.

This is a line aimed at Spanish freelancers and companies that want to obtain liquidity by obtaining an advance in the invoices from their export activity or covering prior production and processing costs of exported goods.

It will be possible to finance 100% or up to 100% of the amount of the invoice or the sale amount of the goods or services, provided that it does not exceed 12.5 million euros of outstanding balance per customer and year, in one or several instances.

60% market share

Bankia ended 2018 as the leading entity in financing to companies through ICO lines, by formalising 750 million euros, which meant a market share of 32%, the highest among the 23 banks that offer this product.

This leadership was based on the production carried out in the 'ICO Exporters Line 2018', in which Bankia processed 490 million euros, a 60% share.

"These data are a clear sign of Bankia's determined commitment to foreign trade in order to meet the demand of SMEs to facilitate their exports," said Alberto Jiménez, director of Business Financing.

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