Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

€400 Mln loan for Spain's small businesses

Fri 11th Jan 2013
€400 Mln loan for Spain's small businesses

Yesterday afternoon the European Investment Bank (EIB) - the European Union's nonprofit long-term lending institution - signed an agreement with Spain's Unicaja Banco to assist in financin the capital requirements for the country's small businesses (SMEs).

The EIB will finance half of the €400 Mln loan, with Unicaja financing the other half, which will be offered to small businesses in a bid to save the economy from a downward spiral.

Unicaja - formed in 1991 by the merger of several smaller cajas - is officially titled 'Monte de Piedad y Caja de Ahorros de Ronda, Cádiz, Almería, Málaga y Antequera', with head offices in Málaga.

The funds will be mainly used to finance projects in the industrial and service sectors, including investment in tourism, environmental protection and research, development and innovation.

Some good news at least, following a statement earlier today from Spain's National Institute of Statistics (INE), reporting that Industrial output had fallen for a 15th consecutive month.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Blogs

 
Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.