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 […]
An astronomical 80 billion euros was reached by the nominal amount of “red loans” (loans that citizens cannot repay). As you know, the “outstanding debt” program is run by domestic credit and receivables management companies According to official data, in the last quarter of 2021 alone, about 7.5 billion euros of non-performing “red” loans were […]
The Greek Ministry of Finance will provide support to 21,000 vulnerable households until the Real Estate Leaseback Agency is put in place. The owners will be given from 70 to 210 euros per month to pay off the “red loans”. The temporary support scheme provides a subsidy of 70 to 210 euros per month for […]