Bankia S A : has allocated 885 million euros for companies in the Región de Murcia up until November to face the consequences of Covid-19

• A total of 470 million were granted in loans either fully or partly endorsed by the ICO, in 3,200 transactions
• Bankia also granted 4,175 mortgage moratoriums and 3,360 in consumer loans to families in Murcia for a combined amount of 388 million euros

Bankia granted loans for a total of 885 million euros to companies in the Región de Murcia up until November last year, in 5,670 transactions, to help mitigate the financial impact of Covid-19.

Of this amount, 470 million euros were paid out as loans with partial ICO backing in almost 3,200 transactions. A total of the total amount guaranteed by the official body is 352 million, accounting for 75%.

In addition to the guaranteed transactions, Bankia launched its own solutions to help the Murcia business community. Through these and other initiatives, the bank succeeded in increasing loans to companies in the region by an additional 415 million euros during the first 11 months of the year.

Bankia's corporate director of Business for Comunidad Valenciana and Región de Murcia, Carlo Aguilera, 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 Murcia

When it comes to families, Bankia has granted more than 7,500 payment deferrals (including those established in the royal decree and the proprietary solutions implemented by the entity) for an amount of 388 million euros.

Of these, 4,175 were mortgage deferrals, while almost 3,360 were moratoriums on consumer loans.

The total value of these moratoriums is 346 million euros, while consumer loan deferrals are worth almost 42 million.

Bankia's corporate director for the Murcia y Alicante region, Olga García, 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'.