CaixaBank Hotels & Tourism, the business line through which Spain’s leading retail bank leads the tourist market by implementing its specialised model and working closely with companies and businesses in the sector, has granted a total of €1.1 billion in credit to the Spanish hotel and tourist accommodation sector over the first four months of 2020.
This figure is a 48% increase over the same period in the previous year, during which CaixaBank granted €745 million in credit with a total of 2,400 transactions completed all over Spain, 82% more than the first four months of 2019. In terms of geographical distribution, the autonomous communities that benefitted from the highest volume of credit were the Balearic Islands, Catalonia and the Canary Islands.
This volume of credit once again reinforces CaixaBank's commitment to the tourist sector, as well as its desire to play a key role in helping the Spanish economy to recover as soon as possible by granting loans and meeting the specific needs of this key Spanish sector.
Through this specialised line of financing, CaixaBank offers specific measures for its customers from the tourist sector, including the granting of liquidity facilities and moratorium on mortgage payments, with a view to helping companies affected by the suspension of their business activity to maintain liquidity.
CaixaBank Hotels & Tourism serves 9,300 customers from the tourist accommodation sector and has agreements with the main hospitality federations and associations, making CaixaBank a key player with the ability to detect and meet sector needs, so crucial at this time, through a customised service operated by a team of 30 specialists in the hotel sector and over 1,200 CaixaBank business advisors.
cloud technology axon
Over the tenure of MC III’s investment, TGCC has not only achieved f...
