• The agreement between CEPES and Banco Sabadell emphasizes access to credit lines.
• They may welcome the agreement all organizations and CEPES integrated companies.
(Madrid, January 18, 2017) .- The Spanish Business Confederation of Social Economy (CEPES) and Banco Sabadell signed a collaboration agreement that will allow companies of this sector have access to favorable financing conditions.
The agreement was signed at the Madrid headquarters of the bank by Blanca Montero, deputy director general of Banco Sabadell and President of CEPES, Juan Antonio Pedreño.
Both organizations confirm this agreement support organizations and individuals that make up this more participatory, transparent and competitive social and business model.
A main objective of the agreement, which will have a term of one year renewable will be meeting the financial needs of the companies in the field of CEPES through a wide range of banking services and products under preferential conditions, as well as setting up special lines of financing.
This agreement focuses on finding credit lines and services that allow both sales financing, access to new domestic and international markets, as well as incorporating new technologies, situations, all of great importance to achieve the objective of increased competitiveness in the Spanish economy.
President of CEPES, Juan Antonio Pedreño, said that "this agreement with Banco Sabadell it is important because it helps to solve a need for companies in the Social Economy, as is access to sources of financing on favorable terms, thanks to which they can improve their competitiveness, grow and continue to generate stable employment and economic and social wealth. "
Blanca Montero, assistant director of Banco Sabadell added, "We are very pleased to sign this agreement with CEPES. Banco Sabadell is a company that since its founding over 135 years ago, has always shown its commitment to the development and growth of the companies in our country. In this regard, collaboration with CEPES is an added incentive, it means supporting organizations in the field of social economy, a profile of companies that demonstrate that rationality and social progress are compatible and necessary to contribute to the achievement of a world more sustainable and better. "
