The EIB is providing this loan as part of its initial package of emergency measures to support European companies. Some of the funds will go to businesses operating in the agri-food sector and to investment in renewing transport fleets.
The “Covid19 Tiempo de Juego-Santander” initiative, developed in collaboration with COPE, will allocate €200,000 from the bank’s “Juntos” Solidarity Fund to 36 organisations throughout Spain.
El banco acuerda preservar el número de puestos de trabajo, tanto de sus servicios centrales como de la red de sucursales en España, y se compromete a no realizar ningún ERTE.
The bank will open sufficient branches to ensure that the public continues to be served during this situation, given the reduction in the number of customers visiting branches, to allow for staff rotation, and to protect the health of its employees and customers as much as possible.
The bank will offer short-term liquidity to guarantee business continuity and funds for the sectors affected by this crisis. Santander will analyse the need for special financing of any of its customers affected by this health emergency.