Bankinter provides almost 11 billion euros in financing to small and medium enterprise projects by the end of 2017, up 8%

More than 17,000 SMEs purchased products and services from the bank, a 6% increase from last year.

Last year, Bankinter boosted its support of Spanish businesses. The bank provided 10.8 billion euros in funding to small and medium-sized enterprises, an 8% increase with respect to its total lending in 2016.

In its small and medium-enterprise segments, it attracted, overall, more than 17,000 corporate customers last year, up 6.6% from 2016. In total, over 91,000 small and medium-sized companies have chosen Bankinter for various financial solutions in order to establish or increase their business.

One of its most successful services was its loan for tax payment. In 2017, for the first time, companies were able to apply for and obtain it entirely online through the Bankinter website. Accordingly, Bankinter helped reduce the potential impact companies may experience on their cash flows when meeting their tax obligations. This and other solutions also afford corporate banking customers the option of requesting an advance to pay the VAT.

Furthermore, the bank unveiled a new corporate banking app that helps business managers carry out formalities remotely and provides them with quicker solutions for signing documents, thus saving companies that use the app time and money.

Supporting companies financially with solvent projects represents both a business priority for Bankinter as well as its commitment to economic growth, as it helps strengthen the country’s economy.

The Bank remains firmly committed to helping companies grow, for which it will launch new financial solutions throughout this year. Furthermore, it is continuing in its collaborative efforts with public and private institutions to help finance SMEs through the European Investment Bank (EIB), the Instituto de Crédito Oficial (the official credit institute of the Spanish State or ‘ICO’) and current agreements with the European Investment Fund.