Bankia S A : has allocated 1,550 million euros for companies in Andalucía up until November to face the consequences of Covid-19

• Of this figure, nearly 750 million were granted in loans either fully or partly endorsed by the ICO, in 5,500 transactions
• Bankia also granted 12,600 mortgage moratoriums and 10,400 in consumer loans to Andalusian families for a combined amount of 1,200 million euros

Bankia granted loans worth 1,550 million euros to companies in Andalucía during the first 11 months of the year in close on 9,900 transactions, to help them through the economic consequences of Covid-19.

Of this amount, nearly 750 million euros were paid out as loans with partial ICO backing in almost 5,500 transactions. Of this figure, the total amount guaranteed by the official body is nearly 570 million, accounting for 76%.

As well as the guaranteed transactions, Bankia launched its own solutions to help the Andalusian business community. Through these and other initiatives, the bank succeeded in increasing loans to companies in the region by an additional 800 million euros during the first 11 months of the year.

Bankia's corporate director of Business for the South-Canary Islands, Salvador Curiel, stressed that 'at Bankia we have wanted, from the very first moment, to be part of the solution and we have been highly aware that if we are capable of coming together to ensure businesses remain strong, which after all are the ones that generate jobs, we will all overcome this crisis sooner'.

Help for families in Andalusia

When it comes to families, Bankia has granted 23,000 moratoriums (including those established in the Royal Decree and solutions implemented by the bank) for an amount of 1,200 million euros.

Of these, close to 12,600 were mortgage deferrals, while 10,400 were deferrals on consumer loans.

The total value of these mortgage deferrals exceeds 1,100 million euros, while consumer loan deferrals are worth almost 87 million.

Bankia's corporate director for Andalucía, Joaquín Holgado, underlined that 'since the beginning of the crisis we have endeavoured to be close to families and, as far as possible, to alleviate their financial burden so that the economic crisis arising from the health crisis will affect the least possible effects for them'.