Bankia S A : grants loans to companies in Castilla-La Mancha worth over 440 million euros until November to mitigate the impact of Covid-19

• A total of 240 million were granted in loans either fully or partly endorsed by the ICO, in 2,000 transactions
• In addition, Bankia granted 2,000 mortgage deferrals and 2,800 consumer loans deferrals to Castilla-La Mancha's families for a combined amount of 193 million euros

Bankia granted loans worth over 440 million euros to companies in Castilla-La Mancha up until November last year in over 3,760 transactions, to help them through the economic consequences of Covid-19.

Of this amount, 240 million euros were paid out as loans with partial ICO backing in almost 2,000 transactions. A total of the total amount guaranteed by the official body is 190 million, accounting for 79%.

As well as the guaranteed transactions, Bankia launched its own solutions to help the business community in Castilla-La Mancha. Through these and other initiatives, the bank succeeded in increasing loans to companies in the area by an additional 200 million euros during the first 11 months of the year.

Bankia's corporate director of Business for the Centre region, Faustino Ortiz, 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-La Mancha

When it comes to families, Bankia has granted close to 4,800 payment deferrals (including those established in the royal decree and the proprietary solutions implemented by the entity) for an amount exceeding 193 million euros.

Of these, more than 2,000 were mortgage deferrals, while almost 2,800 were deferrals on consumer loans.

The total value of these mortgage deferrals exceeds 173 million euros, while consumer loan deferrals are worth in excess of 20 million.

Bankia's corporate director for the Castilla-La Mancha and Extremadura regions, Jaime Campos, 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'.