Bankinter and Iberaval strengthen their partnership with the aim of promoting sustainable financing for businesses
Bankinter's new financial solution, the “CAE Advance Loan”, will provide immediate liquidity for energy saving and efficiency projects.
Iberaval is a leading mutual guarantee company (SGR) in Spain, with a strong presence in Castile and León, Madrid, Galicia, La Rioja, Castile-La Mancha and, more recently, Cantabria.
Bankinter and Iberaval SGR have signed a partnership agreement to intensify sustainable financing for businesses. by facilitating support for small- and medium-sized enterprises, under competitive conditions, in the execution of sustainability support projects.
Signed by Miguel Serrano, director of Bankinter's Northwest Territorial Organisation, and Pedro Pisonero Pérez, managing director of Iberaval, strengthens the commitment of both entities to the transition towards more efficient and responsible business models, facilitating operations linked to green and energy efficiency projects.
Under the terms of the agreement, the Bank will make available to small- and medium-sized enterprises a new financing product, the "CAE Advance Loan", intended to support projects aimed at improving energy efficiency, the use of renewable energies, sustainable mobility, the decarbonisation of processes, the promotion of the circular economy and the reduction of the carbon footprint.
The “CAE Advance Loan” is a Bankinter credit facility that advances the economic value of energy saving certificates (CAE), an official mechanism that certifies the energy savings achieved through specific actions. The product offers SMEs immediate liquidity to undertake sustainable projects, even before their certificate has been validated, therefore removing barriers to accessing financing. Businesses therefore have instant access to the liquidity they need to finance or refinance investments without having to wait for the validation and commercialisation of their certificates.
About Bankinter
Bankinter is the fifth largest Spanish bank by size, profits and market capitalisation. It also holds leading positions in the sector in terms of efficiency, profitability and asset quality. It has more than 128 billion euros in total assets, lendings of 82 billion euros and controlled customer funds of 151 billion euros. The Bank's sustainability plan focuses on the development of sustainable products and services as one of the pillars of its strategy in this area, with a predominant emphasis on solutions for the business world.
About Iberaval SGR
Iberaval is a mutual guarantee company with the highest volume of activity in Spain. Supervised by Banco de España, it supports businesses in obtaining financing and, therefore, sustaining employment. It has more than 40,000 members throughout Spain and around twenty branches across the country. With a particular emphasis on support for the industrial, commercial and services sector, Iberaval is a benchmark in financing for SMEs, micro-enterprises and sole traders.
