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Abanca Pledges €151 Million for Ourense Wildfire Relief and Recovery

Processing prioritizes speed with advances on insurance payouts.

Overview

  • Fires have burned more than 67,000 hectares in Ourense, creating urgent humanitarian and economic needs.
  • Abanca donated €1 million for immediate relief and opened a €150 million line to fund environmental, social and economic recovery.
  • Families can obtain financing for home rehabilitation plus the repair or replacement of vehicles and agricultural machinery.
  • ABANCA Agro will channel targeted credit to hard‑hit sectors including forestry, viticulture, farmers and livestock operations.
  • Affected households and businesses can access advances on insurance indemnities, and a solidarity account (IBAN ES80 2080 7208 3385 3000 7122) is receiving donations under expert oversight with support from Abanca Seguros and Afundación.