Banks announce support for clients affected by earthquakes

All banks eliminated charges for the use of ATMs other than the card issuing institution. Also, put into operation programs of support, deferral of payments and grace periods for the benefit of customers affected by the earthquakes that shook the country. In addition, support programs will apply to products such as mortgage loans, automotive, personal payroll, credit card and microcredit.

Banks announce support for clients affected by earthquakes

Likewise, deferrals will be established for commercial loans directed at individuals or corporations with business activities in their different modalities, with emphasis on loans to small companies. The Association explained that each of the participating institutions would offer different support programs according to the particular characteristics of the credits that each bank has in the aforementioned entities. To get the benefit of these support schemes, customers should be aware of their payments, he said. The ABM advised clients and users to approach their bank to know the programs they have, in order to find supports and alternatives to help them face their situation.

As for the banking infrastructure, almost all branches are providing services to customers and users. Those alternative options are available to carry out banking operations such as other branches, via telephone and Internet banking. The ABM invited the population to consult this site to locate nearby branches. On the contrary, an economic impulse is expected as soon as reconstruction efforts begin as materials are needed and jobs are opened up. In general, economic activities are returning to normal. During the first days after the earthquake, several businesses close to the affected areas.

The impact of this closure of activities will result in a decrease of about 0.35% of GDP in the third quarter only. This is a major contrast to the 1985 earthquake, which killed more than 10,000 people and cost 2.39% of the Mexican economy at the time, according to the Economic Commission for Latin America and the Caribbean. In that year, private insurers paid damages for $ 34.264 million, the highest amount they have disbursed so far.