Unicaja and CREA SGR, the only national mutual guarantee society specialized in culture, sports and leisure, have signed a collaboration agreement to facilitate access to credit and financing for small and medium-sized companies that carry out projects in the audiovisual sector and in the cultural and sports industry.
Unicaja thus joins the financial institutions working with CREA SGR with the aim of contributing to provide liquidity and financing to SMEs in these sectors under the best market conditions.
CREA SGR acts as a specialized interlocutor between the financial institution and SMEs, guaranteeing their projects. During 2023, this SGR formalized 716 transactions, for an amount of 266 million euros, which shows the importance of these sectors in the country's economy as a whole.
The contribution of culture and sports industry to Spain's GDP represents 6%, with more than one million jobs.
About Unicaja
Unicaja is one of the main banks in the Spanish financial system and a listed company in the Ibex 35, with a solid base of four million customers. In fact, it is a reference entity in six autonomous communities, its regions of origin (Andalusia, Asturias, Cantabria, Castilla-La Mancha, Castilla y León and Extremadura), in addition to being present in other markets such as Madrid, Ceuta and Melilla, where it maintains a long-standing presence.
This collaboration, which is in addition to other agreements signed in recent months with Mutual Guarantee Societies to help improve the viability of transactions through their 100% risk guarantee, is part of Unicaja's support for culture and its different manifestations. The entity's objective is to accompany its customers and promote the Spanish cultural and sports sector.
About CREA SGR
This company was created in 2006 by EGEDA (Entidad de Gestión de Derechos de Propiedad Intelectual de los Productores Audiovisuales) and the Ministry of Culture and Sports. It is a national, non-profit financial institution that acts as a specialized interlocutor between banks and SMEs in the audiovisual, cultural, sports and leisure industries. Its default ratio is 2.35%.
Since the beginning of its activity, CREA SGR has participated in more than 10,300 transactions, representing an amount of more than 1,200 million euros, generating more than 20,000 jobs.
