Bankia S A : grants loans to companies in Castilla y León worth 718 million euros until November to mitigate the impact of Covid-19

• A total of 387 million were granted in loans either fully or partly endorsed by the ICO, in 2,400 transactions
• In addition, Bankia granted 1,825 mortgage moratoriums and 3,240 consumer loans to Castilla y León's families for a combined amount of 202 million euros

Bankia granted loans worth 718 million euros to companies in Castilla y León during the first 11 months of the year, in 4,200 transactions, to help them through the economic consequences of Covid-19.

Of this amount, 387 million euros were paid out as loans with partial ICO backing in almost 2,400 transactions. A total of the total amount guaranteed by the official body is 297 million, accounting for 76%.

As well as the guaranteed transactions, Bankia launched its own solutions to help the business community in Castilla y León. Through these and other initiatives, the bank succeeded in increasing loans to companies in the area by an additional 331 million euros during the first 11 months of the year.

Bankia's corporate director of Business for the North, Belén Martín, 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 Castilla y León

When it comes to families, Bankia has granted more than 5,000 payment deferrals (including those established in the Royal Decree and the proprietary solutions implemented by the entity) for an amount of 202 million euros.

Of these, 1,825 were mortgage deferrals, while more than 3,240 were deferrals on consumer loans.

The total value of the mortgages benefiting from these payment holidays exceeds 175 million euros, while consumer loan deferrals are worth a further 27 million.

Bankia's corporate director for the Castilla y León region, Lola Peñas, 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'.