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The Torreño saves more than 1,152,000 euros refinancing the loan to pay suppliers (15/10/2014)

The City of Towers Cotillas has achieved an improvement in conditions formalized by local authorities to fund to paying suppliers, an achievement that will allow saving 1,152,693 euros to city coffers torreñas loan.

This debt refinancing has been achieved by agreeing a new interest rate with the bank "Cajamar" encryption in the quarterly Euribor plus 1.20%, lower than the previous one, which will result in a saving of 720,236 euros this loan.

This is in addition to the 432,457 euro savings loan refinancing meant to benefits "Embark on 3", completing a total savings of 1,152,693 euros this operation.

"This operation, very beneficial for all torreños and torreñas, is part of our policy of controlling economic cost," says local councilor for Economy, Finance and Development, Angel Gonzalez, calling them "good" the current economic situation Torreño and remember it and not have allowed him to qualify for the second payment plan provider, held late last year.

"In fact, our performance in this area is allowing us to meet the payment obligations to suppliers with a mean of 22 days," said Gonzalez.

Source: Ayuntamiento de Las Torres de Cotillas

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