BBVA and Elkargi has signed a collaboration agreement to boost financing for SMEs with financial products that facilitate their growth and improve their competitiveness. The objective is to offer these small and medium-sized companies up to a maximum of 88 million euros in operations guaranteed by Elkargi, with a maximum amount per operation of one million. Martha AlonsoNorth territorial director of BBVA, and Zenon Vazquezgeneral director of Elkargi, have formalized this agreement at the BBVA headquarters in Bilbao.
With this agreement, BBVA reinforces its commitment to the business community, making it easier for small and medium-sized companies to access to specialized financial products that promote its growth and consolidation. This agreement is part of the bank’s strategy to support SMEs as one of the key drivers of the economy, providing them with tools that improve their competitiveness and help them overcome current challenges, the financial institution points out.
Elkargi, for its part, will also intensify the economic-financial advice it has been providing to its members. more than 23,000 member companiesto accompany them in their financial needs and optimize their economic-financial management, improving their competitiveness.
In addition to this agreement, BBVA is committed to innovative initiatives that simplify the daily lives of SMEs and allow manage payments more efficiently. The North territorial director of BBVA, Marta Alonso Blancopointed out that “this agreement with Elkargi reinforces our firm commitment to SMEs, which are essential for economic growth and job creation. At BBVA, we offer this type of companies financing, solutions and advice that facilitate the processes and allow us to make the best decisions.
For its part, Zenon Vazquez Irizar, general director of Elkargi, stated that “the signing of this agreement with BBVA, which is also a protective partner of our entity, expands and strengthens the range of solutions that we make available to companies. As an entity born from SMEs we bet on him strengthening the financial structure as a source of business competitiveness”.
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