Santander finances the international trade of Andalusian companies with 1,850 million until June

Santander finances the international trade of Andalusian companies with 1,850 million until June

Santander has financed the international activities of Andalusian companies to the tune of 1,850 million euros in the first six months of 2022, 27% more than the same period of the previous year.

This support was aimed both at companies that have developed their import/export activity from Spain, as well as those that have developed their activities abroad, through subsidiaries or affiliated companies in outside our borders.

In this regard, it should be noted that over 19,000companies in Andalusia They conducted their international business with support from Santander, the bank said in a note.

In addition to financial support, the second aspect that the bank has strengthened as one of the bases of foreign trade is the flow of international collections and payments made by companies. Santander has developed solutions thatallow instant paymentseither between accounts of a group of companies, or to other customers/suppliers.

Currently, more than 90% of corporate clients issue payments abroad through banks on lineand more than 75% in turn fund them digitally.

Starting this year, Santander corporate clients in Spain can issue immediate international transfersin Brazilian reais to recipients in Brazilof any entity, from your online bank.

In the same way, Santander has launched new digital capabilities for companies, integrating a new service for tracking their international goods, in addition to the existing collection and payment service, so that they can control their exports and imports and have the ability to check any time the status of your shipments in real time. Thanks to this solution, at a time when the global economy is experiencing serious problems in the supply chain, entrepreneurs can access all information about their collections, payments and shipments from one place and identify any delays. or gap.

Finally, currency management is the third fundamental point for the development of international trade, vital at a time when Spanish companies trade in markets with a currency other than the euro. Santander has improved this operation, with the extension to 38% of the currency offer for issuing payments, guarantees or opening accounts. It also continues to increase the capabilities of its online platform to contract foreign exchange transactions, also offering individuals the possibility to buy/sell and open an account in another currency.

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