2023-06-20 21:02:04
Abanca has created an extraordinary line of credit with 200 million euros to deal with the emergency situation that the countryside is experiencing in Castilla y León due to the significant drought that the region has been suffering for weeks. Through this amount, the bank provides farmers and ranchers that are part of the Central Union of Barrios de Luna and the Ferduero Association of Irrigation Communities of the Duero Basin, with a wide catalog of products adapted to their particular needs.
The respective agreements were signed this morning in León by the territorial director of Abanca in Castilla y León/Asturias-Cantabria, Marcos Lamas, and the president of the Ferduero Association of Irrigation Communities of the Duero Basin and the Central Union of the Reservoir of the Barrios de Luna, Ángel González Quintanilla.
The agreements detail a series of specific products and services designed by the specialized unit Abanca Agro for the sector, which, in addition to being affected by the problems of drought, has also suffered the consequences of the increase in the costs of inputs in the last year, the volatility of the markets and the inclement weather in recent days.
Benefits
As detailed in a statement, these products and services will allow irrigators and customers in general in the primary sector, rainfed and mixed farms, to face the current situation, but also to launch new projects and improve fundamental aspects of the current ones. , such as the promotion of sustainability, the improvement of energy efficiency and the modernization of their farms.
The agreements also contemplate personal loans for irrigation communities and their community members, furniture leasing, loans for tax advances, subsidies and campaign expenses or CAP advances, as well as the new multi-destination Abanca Agro financing lines and others solutions such as the official financing alternatives of the ICO, Saeca and the Centralized Management Financial Instrument of the Ministry. In addition, the members of both groups, which represent a large majority of farmers and ranchers in Castilla y León, will be able to access the Abanca Services Program, which offers a series of advantages, such as savings in the payment of the most common banking services.
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