Credit institutions commit not to link ICO credits to any other banking product

In relation to the line of guarantees incorporated into Royal Decree-Law 6/2020, of March 10, which adopts certain urgent measures in the economic field and for the protection of public health, the conditions of which were approved by Agreement of the Council of Ministers on March 24, the entities associated with AEB, CECA, and Unacc give instructions to their network of offices to ensure a rigorous application of the content of said agreement. Among other aspects, it has been clarified that the granting of a credit covered by this line of guarantees cannot, under any circumstances, be linked to the contracting of other products.

This measure, aimed at preserving the levels of circulation and liquidity of companies and self-employed workers, is combined with others that financial entities are voluntarily implementing to help the real economy face the consequences of the crisis resulting from COVID-19.