Unicaja Banco renews its agreement with CEA and sets up a funding line for €1,000 million to support Andalusian businesses

Unicaja Banco, within the framework of the renewal of its agreement with the Andalusian Confederation of Business Owners (CEA, Confederación de Empresarios de Andalucía), has set up again a funding line for €1,000 million to support the business sector in Andalusia and to strengthen the liquidity of companies to face their day-to-day activities, especially now due to the economic effects caused by the COVID-19.

The new agreement, which reinforces the long-standing relation between both institutions, has been signed by the Chairman of Unicaja Banco, Manuel Azuaga, and by the Chairman of CEA, Javier González de Lara.

Under the agreement, Unicaja Banco puts at the disposal of the more than 180,000 professional freelancers and businesses member of CEA a full range of specific financial products and services, under advantageous conditions, aimed to facilitate their activities and to make investments. The bank also offers its collaboration, in response to the needs of companies and freelancers, for the advice, channeling and financing, under the framework of the future recovery funds promoted by the European Union, by designing and facilitating solutions to businesses and, especially, to SMEs.

The renewal of the agreement between Unicaja Banco and CEA falls within the bank’s general interest in contributing to the development of actions aimed to promote the activity of the business fabric and to facilitate the economic boost in Andalusia, especially in the current situation caused by the COVID-19. Businesses in general and SMEs in particular continue to be one of the key groups in Unicaja Banco’s funding policy, especially in Andalusia. Therefore, one of the bank’s priority commercial axes is providing funding to businesses, which are a key driver to make the economy more dynamic and to stimulate job creation.

Products and services under advantageous conditions and support in the European funds

Within the comprehensive range of specific products and services under advantageous conditions, it is worth to mention pension plans, with the development of the future employment plans, especially conceived to meet business obligations.

Additionally, Unicaja Banco puts at the disposal of this sector the advantages of digital banking, with the constant development of new apps to serve shops and businesses.

            Likewise, business will have access to financing transactions to cover both working capital and investments, within the framework of the future economic recovery and post-pandemic investment process.

            Furthermore, the bank offers its support in the advice, channeling and financing under the future recovery funds promoted by the European Union, by designing and facilitating solutions for businesses and, especially, for SMEs.