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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

Credit
Squeeze “to ease soon”
Tenerife’s employers are predicting that banks here will soon relax their draconian lending rules as more ‘green shoots’ show signs of emerging, signalling a possible end to the economic crisis.


Squeeze “to ease soon”

line
Taller Lutz Raabe
Tenerife
Automobiles: repair shops, Auto repair shop
25.08.2010 - The CEOE association says it has surveyed the major banks and savings banks in the Canaries and the majority are optimistic that loans and mortgages will become more readily available following around two years of tight restrictions introduced to minimise exposure to defaulters. “The prospect of access to credit will be a badly-needed breath of fresh air to the business sector across the board, but particularly to small firms” adds the CEOE, although it warns that business confidence still needs to be restored more fully before talk of a recovery is justified. A relaxation of mortgage criteria will bring a much-needed boost to the property market here also, according to local estate agents.



 
Tenerife - 08.02.2012 - Emergency services in Tenerife were called into action again yesterday to rescue a hiker who took ill during a walk in the Anaga hills outside Santa Cruz. more...
Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more...
Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more...
La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more...
Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more...
Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...
People first


Banish the blues
They tell us that this is one of the most depressing times of the year more...
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