The total amount of “red loans” (non-repayable by bad debtors) transferred to loan management (settlement) companies in the second quarter of the year amounted to just under 90 billion euros, which means a slight decrease of 695 million euros compared to the previous quarter of this year. According to data released by the Bank of […]
The European Central Bank (ECB) intends to raise interest rates during the summer, and Greek banks are already preparing for the corresponding adjustments, which will be made in relation to both individuals and legal entities. New loan payments add to the explosive mix of rising prices coupled with the energy crisis.Existing and new borrowers with […]
Cheap housing will be provided to thousands of employed and unemployed through interest-free loans from the State Employment Service (now OAED). The government provides cheap housing for the employed and the unemployed through the National Housing Plan. According to information Dnewsinterest-free loans will be issued with the possibility of multiple repayment in installments, and unoccupied […]
Very small companies with a turnover of up to €1,000,000 have the opportunity to obtain working capital loans of up to €250,000 or up to 25% of their turnover through the Covid 19 Guarantee Fund (3rd Cycle) of the Hellenic Development Bank – HDB. Given the guarantee of the fund, the beneficiary company receives a […]
Greece raised 3 billion euros at an interest rate of 1.8% in the process of building the order book for a 10-year bond issue, which was completed early Wednesday morning. Greek Finance Minister Christos Staikouras, commenting on the results of the first 2022 bond issue, said the issue’s interest rate was “particularly satisfactory given the […]
Banks are investing 900 million euros in the mortgage market in order to “give movement to the economy” of the country. The average size of a home loan currently ranges from 70,000 to 90,000 euros, seven out of ten applications are approved, while the borrower’s own participation should be about 25% of the value of […]