Bankia S A : has allocated 3,800 million euros for companies in the Catalonia region up until November to face the consequences of Covid-19

• A total of 1,500 million were granted in loans either fully or partly endorsed by the ICO, in 5,700 transactions.
• In addition, Bankia granted 7,650 mortgage moratoriums and 5,800 consumer loans to Catalonia's families for a combined amount of 1,155 million euros

Bankia had granted loans worth 3,800 million euros to companies in the Catalonia region up until last November, in 8,900 transactions, to help them through the economic consequences of Covid-19.

Of this amount, 1,500 million euros were paid out as loans with partial ICO backing in 5,700 transactions. Of this figure, the total amount guaranteed by the official body is nearly 1,100 million, accounting for 73%.

As well as the guaranteed transactions, Bankia launched its own solutions to help Catalonia's business community. Through these and other initiatives, the bank succeeded in increasing loans to companies in the four provinces by an additional 2,300 million euros during the first 11 months of the year.

Bankia's corporate director of Business for the Catalonia-Balearic Islands, José Manuel García Trany, 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 Catalonia

When it comes to families, Bankia has granted close to 13,450 payment holidays (including those established in the royal decree and the proprietary solutions implemented by the bank itself) for an amount in excess of 1,155 million euros.

Of all of them, nearly 7,650 were mortgage deferrals, while 5,800 were deferrals on consumer loans.

The total value of the mortgages benefiting from these payment holidays exceeds 1,100 million euros, while consumer loan deferrals are worth a further 55 million.

Bankia's corporate director for the Catalonia region, Miguel Capdevila, 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'.