The Confederation of Employers of Navarra (CEN) and the Reciprocal Guarantee Society ELKARGI have signed a collaboration agreement to promote joint actions, aimed at boosting the competitiveness of Navarre companies. The signing of the agreement has been the responsibility of the president of CEN, José Antonio Sarría, and the general director of ELKARGI, Zenón Vázquez.

The main objective of the agreement is to support the financing of the Navarrese business fabric and to make available to the companies affiliated to the CEN a comprehensive offer of tailored solutions to improve their economic-financial management.

In this sense, ELKARGI undertakes to study the granting of guarantees to companies belonging to the CEN in an agile manner and in terms of terms and preferred interest. In addition, the associated companies may have specialized advice and consultancy in the economic-financial field.

For its part, CEN will provide the necessary resources for the organization of the activities developed within the framework of this agreement. The agreement will be valid for one year and will be tacitly extended in annual periods.

About CEN

The Confederation of Employers of Navarre (CEN) Represents and defends the interests of entrepreneurs, putting value on their contribution to society. In addition, it is the most representative business organization of the Autonomous Community, which makes it an accredited interlocutor before the institutions. This representation is based on the adhesion to CEN of the main business associations of Navarra, which add up to more than 12,000 companies in the region, coming from all sectors.

About ELKARGI

ELKARGI It is the first SGR of the State and the only one specialized in Social Economy. With almost 40 years of history and 129,000 guarantees granted, it has 15,500 associated companies, close to 1,000 million euros in endorsements in force and a history of 7,000 million, more than 105 million euros in own resources and a solvency ratio greater than 16% In addition to contributing to the improvement of business financing of SMEs, Microenterprises, Businesses, Entrepreneurs and Autonomous, ELKARGI seeks to consolidate its guarantor activity with a relevant volume, capable of addressing the challenge of sustainability, facilitating negotiation with financial institutions and other organisms, or with the new highly specialized markets.



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