2023-11-02 18:05:37
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The historical support that Kutxabank has provided to the Basque industrial sector is based on a long-term vision, which seeks to support business projects, promote the activity of companies that are in growth processes or those that intend to make a qualitative leap. in their performance.
That is what roots consist of, collaborating with companies and public entities in the environment to spur the economy of a country, so that circularity is generated based on the creation of economic and social value, the creation of results, the promotion of employment and the generation of economic activity. All of this directly results in the activation of the financial flow, an area in which we act from our position as the main Basque bank.
Due to a clear coincidence in its mission and vision, at Kutxabank we are an instrument at the service of the business community, to which we try to provide competitiveness and stability, through a relationship based on mutual trust.
This trust allows us to be at the heart of the financial flow of our industry, but in this new strategic stage, we also want to be the first bank you can count on when addressing more ambitious plans, such as new investment projects, or investment plans. organic or inorganic growth.
Hence, one of Kutxabank’s main strategic bets currently consists of growing in financing for companies, taking care of the quality of the risk and improving our processes.
From the robustness that our digital base provides us, we have a wide range of solutions, ranging from the portfolio of traditional financial solutions, to more sophisticated and innovative resources, with levers that allow us to reach more complex tools that until now were far away. from our orbit.
Thus, with the aim of responding to the needs of the industry in the long term, especially in terms of financing and growth, Norbolsa, the securities company of the Kutxabank Group, has accompanied a multitude of companies in accessing the market through various types of issues or IPOs.
Furthermore, for a few months now, Kutxabank has maintained a strategic collaboration with Alantra, a company specialized in investment banking and alternative financing operations. This alliance was born with the aim of acting above all in operations linked to the field of Basque industrial companies and especially in those of large size that until now were diverted to investment banks outside the Basque Country.
I also want to highlight the strategic collaboration that we have maintained with Elkargi since its inception, since we are two entities that share a vision and commitment to the Basque industry.
The reciprocal guarantee society has been one of the great protagonists in very specific historical situations, such as recently the crisis caused by Covid. The public financing operations that it has endorsed have been fundamental in providing liquidity to Basque companies. That is why we were the first entity to collaborate with the financing lines that it activated within the framework of the crisis.
Another example of our collaboration with Elkargi is Bidegi, an investment fund that aims to raise 200 million euros to invest in SMEs in our environment.
We cannot forget the important portfolio of industrial holdings that we maintain in Euskadi, the most relevant in the territory, with a value that currently reaches 1,800 million euros.
From the position of a bank capable of providing innovative solutions to the global needs of our productive sector, we are implementing all the necessary measures to be closer to the expectations of companies, also when they require advice on the purchase and sale of companies, on exits to stock market, the issuance of bonds or in growth operations.
There is no doubt that the well-being of the Basque community is closely related to the strength of its industrial base. For this reason, Kutxabank’s greatest value continues to be the commitment and roots it maintains with the territory and its economic development.
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