BANKIA is to increase its lending to small businesses in a bid to improve its profitability.

The bailed out bank, which last month announced a return to profit, is seeking to diversify its loan portfolio and reduce its reliance on mortgages.

The move is good news for Spain’s struggling small businesses which have been hit by reduced access to credit since the onset of the financial crisis.

Imogen Calderwood

About Imogen Calderwood

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

This site uses Akismet to reduce spam. Learn how your comment data is processed.