Santander Spain Offers EUR20 Billion in Short-Term Loans for SMEs Struggling With Coronavirus Impact
March 10 2020 - 7:52AM
Dow Jones News
By Jessica Sier
Santander Spain, the Spanish operations of Banco Santander SA,
said Tuesday that it will offer 20 billion euros ($22.8 billion) in
pre-approved loans for small businesses and self-employed people
affected by the coronavirus.
Interest for the loans is due within one year and they are
available for people operating in sectors affected by the outbreak
and who may need more flexibility in cash-flow management.
"With this short-term liquidity facility, the bank will help to
mitigate the impact that containment measures to protect the
population against the coronavirus contagion may have on the
economy and normal business operations," the bank said.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
March 10, 2020 07:37 ET (11:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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