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Banking 18 Mar 2020

Spanish Banking Association AEB gives its support to government economic measures amidst the coronavirus outbreak

The Spanish Banking Association (AEB) supports the economic measures announced today by the Government amidst the coronavirus outbreak in order to avoid a production drop and to back employment. The AEB also expresses its complete disposition to facilitate their implementation and thus mitigate the impact of this crisis on families and businesses.

The Spanish banks are fully committed to helping their customers and clients, giving them security and trust, thus encouraging a swift economic recovery.

The banks support the deferral of payments on existing mortgage loans for people particularly affected by this crisis.

“We all agree that nobody must be left behind because of a liquidity issue. We will help the Government and society as a whole to overcome this situation,” AEB Chairman & CEO José María Roldán said. “We are tirelessly collaborating to every extent possible to halt the impact of this health (coronavirus) crisis.”

“We are tirelessly collaborating to every extent possible to halt the impact of this health (coronavirus) crisis”

In this sense, it is worth noting that Spanish banks have already made available over 60 billion euros for SMEs and self-employed in order to facilitate the needed liquidity to guarantee their business continuity.

The AEB would like to send a message of gratitude and support to all those banking employees who are working to alleviate the impact of the sanitary crisis.

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