Bilbao, 20.01.2022 - CIE Automotive announced today the signing of a new sustainable financing, relying in this case on the expertise of Bankinter.
The company and the bank have closed a bilateral loan that CIE will use to partially finance its growth and investment plan, the cost of which is linked to the rating of environmental, social and governance (ESG) parameters by an independent external party.
For CIE Automotive, this transaction complements other sustainable financing signed in 2021 with leading institutions such as Santander, Banca March, CaixaBank, HSBC, Unicredit, Kutxabank and Ibercaja, for a total amount of almost 400 million euros.
According to Jesús María Herrera, CEO of the Group, "today almost 70% of our net financial debt is already sustainable, which demonstrates our inexcusable commitment to the objectives of the ESG 2025 Strategic Plan that we made public in 2021".
He continues, "our financial strategy reaffirms a vision for the future that considers the full integration of ESG criteria in the daily management of the business and in all its areas as a priority, and demonstrates our firm commitment to sustainable development".