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Municipal providers will be paid the December 23 loan ICO (05/12/2011)

The Local Government Board, meeting in extraordinary session this morning under the chairmanship of the Mayor, Pilar Barreiro, has approved the signing of three separate credit line for financing the Official Credit Institute (ICO), amounting to 8.6 million euros, which will be used entirely to pay off debts to suppliers.

Councillor of the area of ​​Finance, Fatima Suanzes, recalled that this transaction had been approved previously by the full City Council and has recently been ratified by the ICO, which has given the green light to the conclusion of these three loans.

Specifically, with BBVA, amounting to 5.8 million euros, with 1.7 million Banco Santander and La Caixa, for just over one million euros.

After the Board of Mayor has already signed two of these policies, with the Santander Bank and La Caixa.

The BBVA will be initialed in the coming days.

Suanzes has said that the December 23 municipal providers will begin to collect on their accounts and receive transfers of funds from these loans, which will mean an important boost to their damaged economies.

Source: Ayuntamiento de Cartagena

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