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Spain

Gedesco creates EUR400 million factoring fund

Gedesco Services Spain SAU has announced the creation of a EUR400 million fund for factoring. (more…)

#investment#liquidity#working capital

Sabadell to finance businesses approved by the City administration

City of Jerez and Banco Sabadell have agreed for the bank to finance entrepreneurs on preferential terms after their projects…

#bank#Boost#funding


Trainspotting Bankinter

Bankinter attempts to attract more business clients, including SMEs, through advertising on Madrid-Barcelona route. (more…)


Pescanova former chairman attacks banks

Manuel Fernández de Sousa has denied fraud and forgery of commercial documents (more…)

#banks#Clear#Executive Committee


Lico Corporation sold for EUR200m

Spanish financial services group's takeover is completed. (more…)


Trade credit sinks as fear of defaults prevail

Downfall in trade credit is proportionate to the rise in factoring and confirming, Spanish market players say. (more…)


Catalunya Caixa allocated EUR1.2bn for factoring this year

Catalunya Caixa says it expects to provide businesses with more then EUR4, 000m financing this year. (more…)

#bank#Caixa#invoice


Pescanova’s management to face criminal liability

The audit exposes Pescanova's loss concealment and false invoicing. (more…)

#fake invoices#management


Santander and BBVA boost state-owned media group’s liquidity

RTVE has said it has used EUR70 million of working capital finance facilities from Santander and BBVA. (more…)


BankInter to increase share of international receivables finance in...

BankInter announces restructuring of its loan portfolio. (more…)


UBI Banca to continue factoring line for Pescanova

UBI Banca and Pescanova have reached an agreement to continue factoring collaboration. (more…)

EIB to boost credit to industrial SMEs

EIB and the Instituto de Crédito Oficial, Spain, have signed EUR50 million new SME financing agreement. (more…)

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