What does it mean that the State, through the ICO, can give a guarantee? Suppose that when you request a credit derived from the consequences of covid-19, the financial institution will
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Updated Tuesday, April 7, 2020 - 01:16
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What does it mean that the State, through the ICO, can give a guarantee? It supposes that when you request a credit derived from the consequences of the covid-19, the financial institution will have much more facilities to grant it, since in the event that you is delinquent or insolvent, the agreed percentage would be covered by the State, and the financial entity the rest. Hence, possibly, given this lower risk and given that State guarantee, it will be easier for them to grant it, in this context of uncertainty. To continue reading, go Premium
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