• The financial institution formalised almost 1,650 transactions with agri-food companies in the three provinces over the past year
  • 'We wanted to respond to the financial needs of farmers in Comunidad Valenciana during such a complex year and we want to continue doing so', said Bankia's Director of Agricultural Business in Valencia and Castellón, Rafael Sanchís
  • The bank has a network of 66 branches specialising in the agricultural business in Comunidad Valenciana

Bankia has granted a total of 297 million euros in new financing to the agricultural sector during 2020 in the Comunidad Valenciana 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.

During the past year, the bank has formalised 1,647 transactions with small, medium and large companies in the sector spread over the three provinces. In Valencia, it supported 849 transactions for 187 million euros; in Castellón, a total of 251 transactions for 45 million euros, and in Alicante, it formalised 365 transactions for 65 million euros.

'From the outset, we wanted to respond to the financial needs of the of the region's 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 Valencia and Castellón, Rafael Sanchís.

In mid-2020, Bankia announced the launch of a network of 66 branches specialised in the agricultural sector in Comunidad Valenciana, of which 42 in Valencia, 17 in Castellón and 7 in Alicante.

Bankia has created a new distribution model, having adapted branches in six Regional Divisions: Valencia and Castellón, Murcia and Alicante, Andalucía, Castilla y León, Castilla La Mancha and 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 16:27:08 UTC