Unicaja Banco has entered into a collaboration agreement with Junta de Extremadura (Extremadura’s regional government) to set funding lines aimed at boosting the agricultural and agrifood sectors in the region, via Sociedad de Garantía Recíproca Extremeña de Avales (Extraval, Extremadura’s mutual-guarantee scheme).
The signing event, chaired by the Junta de Extremadura Councillor for Agriculture, Begoña García Bernal, was attended by Unicaja Banco’s Commercial Banking Regional Manager, Julio Morales Bravo, who holds the chair of Extraval by the financial institution, and by Unicaja Banco’s Manager of Agricultural Business Commercial Development, Octavio González Mateos.
The agreement, which has been signed by other ten financial institutions too, includes aids to fund investment projects for farmers, holders of agricultural holdings (farming, livestock or forestry), young farmers and companies that make investments to transform and trade products from agrifood industries.
These measures are regarded as essential to drive growth and competitiveness in these sectors. The agreement also seeks to improve the efficiency of public management, to facilitate the joint use of public services and resources, to contribute to public utility activities and to meet the regulations on budget stability and financial sustainability.
With this support, Unicaja Banco shows its commitment to the development of Extremadura, and especially, of the agrifood sector, key in the region’s industry and economy.