Despite the fact that the context that is being experienced presents a “high level of uncertainty” and “every week a little more”, the Iberaval Reciprocal Guarantee Society has managed in the first four months of this 2022 to return to the path of growth and has raised 5 percent of its activity facilitating financial solutions for the self-employed, small and medium-sized companies. This was announced this Thursday by the president of Iberaval, who stressed that in a “global context that is not to shoot rockets”, marked by “very high inflation”, the high cost of raw materials and the cost of money on the rise, and despite the fact that they started the year with “a small drop” in activity, at the end of April they had managed to bring “all the measures and plans” planned to a successful conclusion.
“This is behind us”, since the pace has been recovered this year, thanks especially for a “very positive April”. The closing of the first quarter raises to 158.3 million euros the amount of financing provided by the Mutual Guarantee Company leader in activity and partners in Spain for 1,712 operations, which represents an increase of 5 percent in relation to the same period of 2021. An amount “not different from the best moments” experienced by Iberaval, Pontvianne stressed.
In these first four months of the year, it has responded to requests from all areas, with the services sector standing out, with just over 31 percent of operations; followed by trade (22.2%), construction (16.4%) and Industry (15.3%).
Of the total operations, 64.3% were related to financing requirements for liquidity by companies, and more than three out of ten, for investments in new businesses. Despite the “fear”, businessmen “return to resources to face investments, which means that they already think in the medium or long term”, Pontvianne has valued. Of these new investments, those aimed at industry, agribusiness and services stand out, although they are “distributed”.
