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Ana Botín (Banco Santander) asks that European funds help SMEs as soon as possible

Ana Botín (Banco Santander) asks that European funds help SMEs as soon as possible

Ana Botín, the president of Banco Santander, has asked that European funds help SMEs as soon as possible to their definitive digitization and to promote the transition towards a green economy.

This was pointed out during her speech at the conference ‘A fundamental question: the European recovery and sustainability fund’, organized by Women Action Sustainability (WAS).

The president of Banco Santander has called for public-private collaboration to carry out structural reforms that regenerate the Spanish production model, and promote inclusive and sustainable growth.

Regarding SMEs, the president of Banco Santander highlighted that they are the companies that are suffering the most from the impact of the pandemic, and that a large part of employment in the Spanish economy depends on them, so it is essential that European funds ” arrive as soon as possible to support their solvency and make them viable in the post-Covid world ”.

“This means that European funds must give that definitive push for the digitization of SMEs. Banks have played an important role in this phase of the pandemic to protect companies (…) and now what we need is to strengthen public-private collaboration to capitalize on companies that have the capacity to invest, grow and generate employment ”, Botín has stated.

Regarding the priority objective of accelerating the change towards a green economy, the president of Banco Santander has assured that European funds are an opportunity to define the transition.

Ana Botín has underlined her personal commitment in favor of a transition towards a green economy, and to contribute ideas and resources to achieve the Paris objectives (SDG).

The Banco Santander board of directors has recalled that “women are in charge of companies, present on the boards of directors, and it is not necessary to explain why. Because it is the logical, the rational, what interests us all. But there is still a long way to go and, for this, initiatives such as WAS are key ”.