This sector agreement has been signed, the aim of which is to establish, in accordance with the European Banking Authority's Guidelines, the framework within which credit institutions associated with it grant their customers deferrals of the principal of their loans or credits in order to overcome the difficulties they are facing as a result of the current health crisis.
The institutions signed up to the aforementioned Sector Agreement are as follows:
The document was approved by the CECA Board on 16 April 2020.
An extension to the time frame for this sector agreement was agreed on 22 June 2020.
On 15 December 2020, the Board approved a Addendum with the purpose of adapting the Sector Agreement of 16 April and its amendment of 22 June 2020 to the new forecasts contained in the EBA/GL/2020/15 Guidelines, published on 2 December 2020, in order for the operations of the entities adhering to the Sector Agreement to have the treatment provided for in the EBA Guidelines.