Banco Sabadell, ICO sign $70 million financing deal for Spanish firms in Mexico

Banco De Sabadell, S.a

26/11/2025 17:00

MEXICO CITY, Nov 26 (Reuters) - Spain's state-owned development bank, the Instituto de Credito Oficial, and lender Sabadell's SABE.MC Mexico unit signed a $70 million financing agreement on Wednesday to support Spanish-linked companies operating in Mexico, marking their fourth such deal in six years.

KEY CONTEXT

• The agreement is part of ICO's International Channel Line, which provides financing for Spanish companies' international projects through local financial institutions.

• Previous agreements between the two institutions have financed 50 projects across sectors including energy, construction, hospitality and transport.

(Reporting by Javier Leira and Kylie Madry; Editing by Brendan O'Boyle)

((Kylie.Madry@thomsonreuters.com;))