(Madrid, October 22, 2014) .- The Spanish Business Confederation of Social Economy (CEPES) and the Spanish Cooperative Bank, on behalf of its partner rural banks, have signed today in Madrid a collaboration agreement that will allow companies This business sector access to favorable financing conditions.
The agreement was signed today at the headquarters of CEPES by the president of the Spanish employer's Social Economy, Juan Antonio Pedreño and the Spanish Cooperative Bank president, José Luis García Palacios.
The main objective of the agreement, which will have a term of one year renewable, will meet the financial needs of companies in the field of CEPES through a wide range of banking products and services on preferential terms, and establish special funding lines.
The rural banks associated Cooperative Bank, shall, thanks to the agreement, preferential conditions depending on the product, the term of the transaction and the creditworthiness of the customer.
In addition, the Social Economy companies have special lines of credit to promote the creation of new companies, the advance of public subsidies, internationalization, circulating realization of investments in fixed assets and contributions to the company captain.
With this agreement, both organizations show their support to individuals and entities in the social economy, social and business model that stands out as more participatory, transparent and in which the individual premium over capital, and has even shown in times of crisis that can maintain and generate wealtheconomic and social.
To Pedreño, "the signing of this agreement is positive news because reiterates the commitment of a family of the Social Economy as a l s are rural bankswith other companies in the sector and will allow reaching financial resources to improve the competitiveness of these companies. "
Garcia Palacios has indicated that"The mission of the rural banks has always been and will be linked to the improvement of the companies developing the Social Economy in Spain as credit unions, understand and share the main objectives are the companies that make CEPES with partners and customers ".
