Alejandra Kindelán reaffirms the banking sector’s commitment to those affected by the DANA

The president of the Spanish Banking Association (AEB), Alejandra Kindelán, reaffirmed today in Valencia the commitment of the banking sector to contribute to the reconstruction and return to normality after the effects of the DANA, during her participation in Forinvest and after the meeting at the Business Confederation of the Valencian Community (CEV) chaired by Their Majesties the King and Queen of Spain.

Kindelán stressed that the banking sector has been involved from the very first moment to help those affected and alleviate the effects of the tragedy, and has expressed its firm and continuous commitment to continue supporting Valencians and their companies in order to promote a dynamic and exporting economy.

In her speech at Forinvest, the president of the AEB highlighted various measures adopted by the sector:

• channeling the solidarity of Spaniards in the first few days and through Bizum, with 19 million euros
• direct contact with customers in order to understand their needs and offer adapted solutions
• the implementation of ofibuses to reach the most affected areas and the mobilization of workers from other areas to reinforce staffing levels
• the sectoral moratorium of up to 12 months: from 3 months, after the Dana, during which nothing was paid, extendable to another 9 months to pay interest only
• specific lines of financing, processing of aid and claims before insurance companies and the insurance compensation consortium.
• the channeling of ICO DANA lines, especially the one for the recovery of the productive capacity of companies, an example of public-private collaboration, essential at this time

Alejandra Kindelán emphasized that “the capillarity of the Spanish banking sector, which is very close to the ground, makes it possible to provide responses tailored to each client. For all industries, you have the banks as allies, solid, solvent, efficient entities that have the customer at the center of their business,” she said.