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Spain’s Banks Grant 1.8 Million Loan Moratoriums Due to Covid

As of 31 August, 269,012 applications for mortgage moratorium had been made, of which 226,644 had been processed. The outstanding balance exceeded 20.3 billion euros.

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On Friday, the Bank of Spain published data about the financial moratoriums launched to help those borrowers affected by the Covid-19 crisis.

According to the data, 269,012 requests for moratoriums on mortgage payments had been made as of 31 August, of which 226,644 had been processed. At the end of July, the entities had granted 221,053 moratoriums, equivalent to 82.5% of the 267,763 requested.

Read the full article in Spanish.

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