• The financial institution formalised more than 1,550 transactions with agri-food companies in the nine provinces over the past year
  • 'We wanted to respond to the financial needs of farmers in Castilla y León during such a complex year and we want to continue doing so', said Bankia's Director of Agricultural Business in Castilla y León, Jesús López
  • The bank has a network of 63 branches specialising in the agricultural business in Castilla y León, where it has one of the six Agro Regional Divisions present in Spain

Bankia has granted a total of 276 million euros in new financing to the agricultural sector during 2020 in Castilla y León as part of its strategy to boost this line of activity and provide a service tailored to farmers in a complex year as the past one due to the economic crisis unleashed by the Coronavirus pandemic.

The financial institution has formalised 1,553 transactions involving small, medium and large companies in the nine provinces of Castilla y León during the past year.

'From the outset, we wanted to respond to the financial needs of the Castilla y León farmers during such a complex year as the one we have endured and we want to continue to be at their side because for Bankia the agricultural sector and its professionals are a priority', said Bankia's Director of Agricultural Business in Castilla y León, Jesús López.

In mid-2020, Bankia announced the launch of a network of 63 branches specialising in the agricultural business in Castilla y León, where it has one of its six Agro Regional Directorates present in Spain. The entity defined a new distribution model, having adapted branches in five other Regional Directorates: Andalucía, Valencia and Castellón, Murcia-Alicante, Castilla La Mancha-Extremadura and the North Directorate, based in Logroño.

All Bankia's agricultural branches have their own image to distinguish them from regular branches and, while still providing the services they had been offering, they have a team specialised in the agri-food business.

In addition to specialised in-branch management, Bankia also provides the sector professionals with all its remote channels so they can do all their banking tasks without have to visit their branch. To do this, if offers the 'Connect with your expert' service and the option to make arrangements using online channels like the website and the mobile app.

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Bankia SA published this content on 20 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 14:45:01 UTC