The Institut Català de Finances grows 2.5% during 2009
Activity reports for the Institut Català de Finances (ICF), the Catalan public financial institution delivering official credit, were released on Tuesday. The number of credit requests rose by 34.1% in 2009 while activity grew by 2.5%.
Barcelona (ACN).- This Tuesday the Catalan Government approved the yearly activity report, balances and accounts of the Institut Català de Finances (ICF) for 2009. In spite of the effects of the crisis, ICF activity rose 2.5% at 1,163 million euros. This figure marks the third consecutive year that the ICF has recorded numbers above 1,000 million euros. The number of credit requests also rose by 34.1% compared with 2008.
The Institut Català de Finances has played in important role for small and medium sized businesses during the economic crisis. The financial body has offered credit lines at a limited interest to many companies facing the risk of closure.
The ICF has broadened its scope by offering services to businesses that are starting new departmental lines. The institute has also established new instruments of collaboration with the private sector with Crèdit Formació Treball, an organisation for the unemployed, and Crèdit Innovació, designated for research investment.