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Cajasur and Diputación de Córdoba sign a 50 million loan operation for advances to councils

Córdoba

Updated:27/01/2021 08:30h

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Cajasur and the Diputación de Córdoba they have signed a credit operation worth 50 million euros, of the 67 that were tendered, and that will be anticipated on account of the collection of the municipalities of the province for the current fiscal year 2021.

This is what Cajasur has indicated in a note in which it has detailed that the act of Company has had the presence of the second vice president of the provincial institution and Finance delegate, Felisa Cañete, and the Director of Institutional Banking, Rocío del Pino, among others.

The Provincial Council of Córdoba, through the Institute with the Local Treasury (ICHL), transfers every year to the municipalities from the province a 80 percent advance from collection of taxes The exercise. Thanks to this advance, the consistories may have liquidity and financing to carry out all its investment and social policies, the maintenance of public services, among others.

With this operation, Cajasur is conferred as «the financial entity what more contributes a is financial instrument from provincial institution, 233 million euros in the last five years ”, which reinforces the stability in the management of the treasury of local corporations throughout the year.

Cajasur is a key financing provider and banking services for Andalusian institutions. In fact, it currently has plus of 600 million from euros to financing granted and it serves more than 400 clients in institutions and public companies, with specialized offices and managers in each of the Andalusian provinces. In addition, Cajasur is a collaborating or collecting entity in the majority of Andalusian town halls and councils.

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