Installment Loans No Credit Checks the bank renews the financial services contract for the generalitat and shows confidence in its solvency



The regional Secretary of Finance, Clara Ferrando, and the director of the Valencian Institute of Finance (IVF), Manuel Illueca, signed this Saturday with representatives of banking entities the contract for credit operations and financial services for the Consell. With this renewal, “the bank shows its confidence in the solvency” of the institution, highlights the Generalitat in a statement.

The contract includes, on the one hand, the granting of lines of credit and, on the other, banking services for accounts, collection, collections, and payments, among others, all of which are necessary for the normal functioning of the Treasury of the Generalitat and the sector Valencian public.

The person in charge of the Treasury has highlighted in this respect that “all the entities of the Valencian financial system have maintained their permanence in the financing contract for the Generalitat and the Valencian Institute of Finance for one more year”.

The tender includes the financing of more than 2,253.3 million short-term debt, of which 2,133.3 million correspond to the Generalitat and 120 to the IVF. The Generalitat total includes 785.3 million credit policies, 1,175.5 million lines of ‘confirming’ and 172.5 million in short-term loans

The contract, which entered into force on February 27, 2017, was valid for two years and has been renewed by all parties for one more year, renewable for two more.



 All the financial entities that have been working with the Generalitat have attended the tender: CaixaBank, Sabadell, BBVA, Bankia, Santander, Cajamar, Ibercaja, Caixa Ontinyent, Caja de Ingenieros, Banco Cooperativo and Abanca.

The regional secretary has ensured that “financial institutions rely on the solvency of the Generalitat and the sustained growth of our economy.” “This is the best sign that the Consell is doing things well.” In previous terms, the Valencian public administration had problems adjudicating its financial services, which is a thing of the past, and now we generate confidence, “he added.

In accordance with the terms of reference of this contract, the financial services provided by banking entities are, among others, the opening of operating accounts, the contracting of credit policies – for Treasury and IVF -, Treasury loans and ‘confirming’ to suppliers of the Generalitat, the management of the collection of taxes, deposits of bonds and the management of payments by the fixed-cash system.

In addition to the usual banking services for the bank accounts of the Treasury of the Generalitat, the contract also includes the accounts of non-university public educational centers, the accounts of the institutions and the operations of the public sector, as well as the participation in the financial agreements carried out by the regional government and the placement of surplus treasury.

Regarding the previous contract, the new one contemplates the extension of the means of payment that the administration of the Generalitat intends to implement to facilitate the taxpayers to make the income. Thus, in addition to point of sale terminals, both physical and virtual, and ATMs, the contract provides for the development of online applications for card payment or online transfer without cost to the taxpayer.



Due to the “general interest of the Comunitat”, in the evaluation of the proposals presented by the bidders, criteria of scale have been included where the social commitment of the financial entity in case of a tie has been taken into account.

Thus, it has evaluated that the entities that certify that they do not apply eviction proceedings for housing occupants in the context of judicial foreclosure proceedings and that they offer the possibility of giving in payment to their mortgage debtors, in addition to the possibility of social rent.