Spanish banks are poised to sign up to the mortgage-relief measures that the government proposed on Tuesday to support vulnerable and middle-class families as living costs soar, the head of Spain's main banking association said on Wednesday. The package, aiming at helping more than one million vulnerable households and middle-class families cope with higher interest rates and living expenses, is a set of voluntary measures that would become mandatory once the banks agree. "The lenders will still have to take the time to review the texts in detail and, in some cases, to pass through their governing bodies," AEB's head Alejandra Kindelan told reporters on the sidelines of a financial event.
The adoption of NCR's ATM-as-a-Service solution is likely to improve Santander, UK's customer experience and reduce the burden of bank staff to interact with customers on other banking services.
MADRID (Reuters) -Two top Spanish bankers on Tuesday said Spain's mortgage relief plan could lead to an increase in bad debt provisions and weigh on banks' capital reserves. The Spanish government and the country's banks on Monday reached an agreement in principle on mortgage relief measures, such as extending loan repayments, for more than 1 million vulnerable households and on help for middle-class families. "Some of the measures have an impact on the provisions, as it cannot be otherwise, as soon as an extension (is agreed) there are always elements that have an impact on the provisions," Santander CEO Jose Antonio Alvarez told reporters on the sidelines of a financial event.