MicroBank grants €570.5 million in loans in the first six months of the year toward projects that generate a positive social impact, a 22% increase

Sustainability & Regulation
Q+
02/08/2022 news

MicroBank, CaixaBank's social bank, has allocated €570.5 million to funding projects that generate a positive social impact in the first half of 2022, representing an increase of 22% over the same period last year. Specifically, microloans intended for business benefited 7,334 entrepreneurs and microenterprises in the six months to June 2022. MicroBank allocated €96.3 million to help the economic recovery of businesses and companies. The average amount of microloans granted to businesses reached €13,136, compared to €12,660 in the same period the previous year.

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