Banks will offer a deferral of social rent payments for up to three months to families living in a home covered by the Social Housing Fund (FSV) and affected by COVID-19. This fund was created in 2013 and comprises over 10,000 homes across Spain, owned by credit institutions.
This new measure by the banking sector to mitigate the effects of the coronavirus crisis on the most vulnerable groups in society adds to the mortgage payment moratorium that the Government announced last week and which banks have already begun to implement.
With this rent payment deferral, Spanish banks are taking another step in their support for society during such a difficult time. Now more than ever, financial institutions want to be close to all citizens and are fully committed to helping their clients and thus promoting a rapid recovery of the Spanish economy.
The banks offering this measure are Santander, BBVA, Sabadell, Abanca, Bankinter, ING, Deutsche Bank, and Banca March, all members of the Spanish Banking Association (AEB).
