Bankia S A : has allocated 149 million euros for companies in the Segovia region until November to face the consequences of Covid-19

• A total of 82 million were granted in loans either fully or partly endorsed by the ICO, in 720 transactions
• Bankia also granted 720 mortgage payment holidays and 1,040 in consumer loans to families in Segovia for a combined amount of 74 million euros

Bankia granted loans for a total of 149 million euros to companies in Segovia during the first six months of the year, in 1,280 transactions, to help mitigate the financial impact of Covid-19.

Of this amount, more than 82 million euros were granted in loans with full or partial ICO backing, in close to 720 transactions. A total of the total amount guaranteed by the official body is 65 million, accounting for 79%.

As well as the guaranteed transactions, Bankia launched its own solutions to help the business community in Segovia. Through these and other initiatives, the bank succeeded in increasing loans to companies in the area by an additional 66 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 the Segovia region

When it comes to families, Bankia has granted 1,760 moratoriums (including those established in the Royal Decree and the proprietary solutions implemented by the entity) for an amount of 74 million euros.

Of these, nearly 720 were mortgage deferrals, while over 1,040 were payment holidays on consumer loans.

The total value of these mortgage payment holidays is close on 65 million euros, while consumer loan deferrals amount to a further 9 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'.