CGD lent 10.7 billion to the economy. “It is a fallacy to say that money is expensive”
The president of Caixa Geral de Depósitos (CGD) says the bank has already lent 10.7 billion euros to the economy to support families and companies affected by the Covid-19 crisis. Heard in Parliament this morning, Paulo Macedo states that among the financing that CGD has pre-approved, the credit lines opened and the loans already transferred to customers’ accounts, the amount that CGD has available to companies amounts to 10, EUR 7 billion.
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