Beneficiaries of the moratorium approved by the Government may complement it with the sector-specific moratorium.
The sector-specific banking agreement offers clients a deferral of the principal of their loans or credits for a period of up to 12 months for mortgage-backed loans and up to 6 months for personal loans. Banks have extended the deadline to apply for the deferral until September 29.
AEB banks defer loan payments for 111,242 clients, totaling 6,615 million euros in capital.
As of May 15, Spanish banks have deferred loan payments for 111,242 clients, holding operations for an outstanding capital amount of 6,615 million euros, since they voluntarily agreed last April to implement a sectoral moratorium to help individuals economically affected by the coronavirus crisis.
Banks defer loan payments for 51,626 customers, for loans totaling 3.355 billion euros.
Spanish banks have reached sectoral agreements to allow customers economically affected by the coronavirus health crisis to apply for a moratorium on their mortgage and consumer loan payments. This sectoral moratorium complements the legal moratorium established by the Government, extending the payment deferral period and broadening the group of potential beneficiaries.