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The Department of Finance paralyzes judgments, low interest rates and negotiates with banks take off saving 710,000 euros in two loans of 4.9 million euros from the previous municipal stage (21/07/2016)

Councillor for Finance of the City of Totana, Ana Canovas, has been doing management in your department with which have paralyzed judgments, we have lowered interest rates and traded remove with banks saving totaneros 710,000 euros two loans of 4.9 million euros, from the previous stage of the municipal government team.

The Finance Minister said that "this is the way to get Totana the well where the former government team got us" and states that "my responsibility is to sanity and seriousness in loans that the previous government team drew brightly and irresponsible. "

The mayor of Finance has referred to the "lack of rigor and competition" from the previous maintainers on the economy, saying that "is clearly not thought about the general interest of totaneros when based sign predatory lending was condemning the future and progress of our municipality. "

Ana Canovas reported to have been refinanced in this case, two loans dating from April to July 2014: the first, amounting to 1.3 million euros;

and the second, amounting to 3.6 million euros.

In this regard, it indicates that, in total and in a few months, the previous municipal government team took out two loans amounting to 4.9 million euros.

He adds that in those months we have negotiated with financial institutions, we have achieved decreases in interest rates on the loan of 1.3 million euros, 3.39% to 0.39%, a saving of 80,000 euros, the lower the fee paid every month in 1,814 euros each month, and also paid 150,000 euros a policy of the previous government team pulled away with 12,000 euros.

Also, in the second loan, they have managed to cripple two lawsuits filed by the financial institution with this issue Consistorio.Sobre reports that his Department "has negotiated a debt reduction with the financial institution of 110,000 euros, and the rate cuts interest, we will save 500,000 euros during the life of the loan set until 2024.

Source: Ayuntamiento de Totana

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