Bankia ups its lending to small businesses

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.

Click here to read more News from The Olive Press.