The savings bank La Caixa has finalised loans to Balearic hoteliers totalling 47'000 million pesetas in the first nine months of the year. This is very similar to the same period last year, a spokesman said. The hoteliers have a special credit line with La Caixa, with low interest rates. Most of the loans are mortgages, the spokesman said, stressing that there was enormous collaboration between the bank and the hoteliers. He also denied that there were any problems over late payments or inability to pay due to the instability of the world economy.

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