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Publication CEPYME500 2017

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#BME<br />

JESÚS GONZÁLEZ NIETO-MÁRQUEZ<br />

MANAGING DIRECTOR OF THE MAB<br />

“If we aspire to larger companies,<br />

we must diversify and improve their<br />

source of funding”<br />

How does BME value the <strong>CEPYME500</strong> project?<br />

This project recognises the dynamic and thriving<br />

reality of our SMEs.<br />

Boosting its growth is a common task and BME has<br />

been focusing efforts and projects in this direction<br />

for many years. That is why we want to support this<br />

initiative, which will help our SMEs become stronger<br />

and more competitive.<br />

What can BME contribute to the project?<br />

Its experience in the financing of companies through<br />

the stock market.<br />

If we aspire to larger companies, we must diversify<br />

and improve their source of funding. We have to offer<br />

them more fuel for their growth.<br />

The markets managed by BME allow companies of<br />

all sizes to be issued loans and increase capital. However,<br />

in recent years we have focused on customised<br />

markets for smaller companies, with adapted costs<br />

and requirements for a specialised type of investor,<br />

more used to investing in small companies. This is<br />

the case of the MARF and the MAB.<br />

What are the benefits for an SME to be listed on the<br />

stock exchange or the MAB?<br />

The MAB is an interesting alternative source of financing<br />

for companies, especially at times when access to<br />

credit is complicated. This is paramount for the economic<br />

behaviour of the country and for job creation. In<br />

the case of the MAB, resources are obtained through<br />

capital increases. Undoubtedly, the most efficient way<br />

to obtain this type of financing is the stock market: the<br />

stock exchange or the MAB.<br />

The MAB is currently composed of 39 growing companies<br />

and 40 REITs. Since its inception in 2009, it has<br />

provided more than 1.3 billion euros of financing in 132<br />

capital increases. Additionally, being listed on the market<br />

provides transparency and reputation. Recognition<br />

is not only shown by investors, but also by customers,<br />

suppliers or company financial partners. It turns into a<br />

strengthening of the commercial position and improves<br />

relations with suppliers, customers, banks, etc.. In addition<br />

to greater visibility in the media, all this helps brand<br />

image to improve.<br />

Lastly, liquidity of shares turns them into a payment<br />

instrument that might be used in financial transactions.<br />

<strong>CEPYME500</strong> |0011

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