Press release on measures to support mortgage borrowers

November 15, 2012

AEB shares with the Government the need to protect those who are socially most vulnerable and most exposed to the effects of the economic crisis. In this context, it understands the Government’s decision to temporarily halt evictions in cases involving families in situations of particular need.

AEB must point out that the economic cost of the agreed measures is borne exclusively by credit institutions.

In addition, AEB considers it necessary to make the protection of these more vulnerable social groups compatible with a system and legislation that allow the majority of citizens to access home ownership. Therefore, it trusts that the legal reforms being planned will not undermine the achievement of this objective.

Finally, AEB reiterates its willingness to cooperate with the Government and the parliamentary political forces in the subsequent processing of the Royal Decree-Law approved today by the Government into law.

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