Speaking at yesterday’s Banking Lab, our Secretary General, Javier Rodr\u00edguez Pellitero, described the recent mortgage agreement, reached by the banking sector to help struggling families meet their mortgage payments amidst high inflation and rising interest rates, as “balanced.”<\/p>\n
“Dialogue with the Government has facilitated an agreement that will assist clients experiencing temporary liquidity problems.”<\/p>\n
In this regard, Rodr\u00edguez Pellitero emphasized that the agreement preserves the robustness and proper functioning of the Spanish mortgage market, which is crucial for social well-being and economic progress in Spain.<\/p>\n
Not only has it facilitated access to homeownership for a large part of the Spanish population, but the mortgage market also serves as a source of funding for the banking sector through the issuance of mortgage-backed securities, a fundamental instrument for maintaining its capacity to grant credit to the economy and households.<\/p>\n
Our Secretary General highlighted that the mortgage agreement allows the banking sector to provide reassurance to families and proactively address the risk of circumstances that might affect their payment capacity. He stressed that current delinquency rates remain contained. <\/p>\n
“The banking sector always strives to help clients facing difficulties, especially during times of uncertainty like the present,” stated Rodr\u00edguez Pellitero, convinced that “it is always worthwhile to consider solutions to address future problems should they arise.”<\/p>\n
The other participants in the dialogue panel concurred: Jos\u00e9 Garc\u00eda Montalvo, Professor of Economics at Pompeu Fabra University; Carlos P\u00e9rez Montes, from the Financial Stability Department of the Bank of Spain; and Paloma Arnaiz, Secretary General of the AEV. Santiago Carb\u00f3, Professor of Economic Analysis at the University of Valencia, moderated the session, which was opened by the Vice President of CEOE, \u00cd\u00f1igo Fern\u00e1ndez de Mesa. <\/p>\n","protected":false},"excerpt":{"rendered":"
During his address at the Banking Lab, our Secretary General, Javier Rodr\u00edguez Pellitero, deemed the recent mortgage agreement, reached by the banking sector to assist struggling families with their mortgage payments amidst high inflation and rising interest rates, to be “balanced.”<\/p>\n","protected":false},"featured_media":38200,"parent":0,"template":"","etiquetas":[],"categorias-blog":[780,781],"class_list":["post-38199","blog-aeb","type-blog-aeb","status-publish","has-post-thumbnail","hentry","categorias-blog-articles","categorias-blog-newsarticles"],"yoast_head":"\n