The Spanish Banking Association has announced it will stop evicting people unable to pay their mortgages for the next two years in cases of "extreme necessity".
The Spanish banks confirmed the measure in a press release, stating "members of the AEB, due to humanitarian reasons and as part of their social responsibility policy" will stop evictions for two years in cases of "extreme necessity".
The AEB didn't say what it means by "circumstances of extreme necessity," although AEB President Miguel Martin explained that "serious illness, dependence, old age, and children" could be taken into consideration.
Meanwhile, the Spanish Confederation of Saving Banks (CECA) also announced they stopped evictions of people unable to pay their mortgages until authorities pass the new regulation.
According to the figures provided by the banking industry, there have been 172,000 evictions since 2008 and the problem has become one of the main issues in the crisis in Spain, especially after two people about to be evicted from their homes committed suicide last month.
The latest suicide occurred last week in the town of Barrakaldo in the Basque region of Spain.
The victim was a former Socialist town councilor, who jumped to her death from her window.
The tragedy provoked a demonstration in her hometown, while on Monday there were further protests opposite the offices of the ruling Popular Party in Madrid. - PNA
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