destacado que es elkargi

As a business you build the future. We’re here to help you get ahead.

more than



more than


million euros

more than


Guarantees granted

more than


years of history

Our reason to be is top ave the way for permanent improvement of the financial conditions and structure of SMEs, self-employed and social economy by means of issuing a guarantee.

We’re at your side

destacado que es elkargi
  • 1980

    First guarantee. The beginnings of a guarantee, which supports in its early days a Basque production fabric immersed in profound industrial restructuring. It turns out to be a very efficient counterbalance for the high interest rates of the time.

  • 1984

    Merger between Elkargi and Seaval: hook-up between the two guarantee-issuing bodies existing in the Country, to strengthen their backing of SMEs in full swing of the reindustrialisation process.

  • 1994

    Approval of the new Law on Mutual Guarantee Societies. Following a period of mergers between banks and savings banks in the late 80s, this new Law is passed, converting Mutual Guarantee Societies into financial entities and introducing the counter-guarantee. Multiplying effect for the Elkargi guarantee.

  • 1998

    Creation of the Elkargi Consulting and Financial Services Department, today ELKARGI Consulting, the origin of which dates back to the Financial Advice Department introduced in 1990.

  • 2009

    In response to the major financial crisis of 2008, the consequences of which are as yet uncertain, and thanks to the close public-private collaboration existing at the time, Elkargi issues guarantees for thousands of working capital operations (Basque Government), partly helping to ease the serious consequences suffered by the local business fabric.

  • 2015

    According to all analyses, year of change in trend with the beginning of moderate, unequal and gradual economic growth, in which ELKARGI strengthens its position as leading SGR by volume of guarantees issued, with a revamped brand image and 35 years of experience.

  • 2017

    Elkargi embarking a new stage with the merger by Oinarri absorption. The two mutual guarantee company aiming at the new Elkargi that optimizing all its resources and human potential, will continue its efforts to improve the financing of the productive economic environment.

  • 2020