THE the industry “gains weight” among the activities financed by Iberaval and it does so in such a way that it becomes the sector that most resorted to this Reciprocal Guarantee Company (SGR) between January and September to obtain liquidity. For her, it was 26 percent of the amount provided to SMEs, self-employed workers and entrepreneurs during this period, replacing, although barely, trade, which represented one in four EUros financed by the entity. Services followed, with 21 percent; hospitality, tourism and transport (six percent in each case) and the primary sector (two).
In total, during the first nine months of the year, this guarantee company originating from Castile and León, but which also operates in La Rioja, Galicia and the Madrid capital, has facilitated funding of 444.5 million euros, 4.5 percent more than the same period of the previous year. In all, 3,985 operations with loans granted on average for 155,000 euros to be repaid in 49 months. And the figures are favorable for Iberaval, which already totals 38,924 members which have a share capital of 107 million euros. For another quarter, underlined its president, César Pontvianne, the company continues to “be at the top of all relevant parameters” of its sector in Spain.
This was stated by Pontvianne during the meeting of the Board of Directors intended to analyze the evolution of the company so far this year, which he underlined “social function”, since with its activity it contributes to the maintenance of 228,000 jobs of work During these first nine months, the company reached a real risk – amount in active financing to companies – of 1,630 million euros, which allows Iberaval to “lead” this section in July.
Among the data put on the table, the destination of the operations. And again, corporate liquidity was the main one, with 72 percent of the total, while The other 28 concerned investment initiatives.
Regarding the size of Iberaval candidates, just over half (51%) were SMEswith 46 microenterprises and the remaining three large enterprises. And what increased slightly were newly created businesses, which accounted for 13 percent of the total.
