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Elkargi Says the Industry Is Progressing but Warns that Many Smes "Are Operating on the Edge"
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The mutual guarantee company Elkargi shares the Basque employers' associations' assessment of the economic situation and points out that, although "industry is progressing," many SMEs are "operating on the edge," and therefore call for action through improved management and by leveraging the benefits of business size. For its part, the company closed the 2025 fiscal year with 15.5% growth and financing activity exceeding €480 million. Of that to…
The Basque economy is living in a contradiction, or at least that is what can be concluded from the analysis carried out by Elkargi in its balance sheet for last year. On the one hand, the financial institution facilitated more loans than ever before: a total of 522 million; 40% of which were allocated to investment. However, 2026 is looking bleak, especially in industry, and it has announced that demand portfolios will be thinned: "They are fee…
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