“Bad debtor” loans amount to 10 billion euros
- Written by E.Tsiliopoulos
It is estimated that approximately 30% of bad mortgage loans are in the hands of “bad debtors” who intentionally avoid their settling their arrears, although they are in a financial position pay them off, according to newspaper “Kathimerini”.
The percentage corresponds to 6 billion euros, and the report claims these debtors are procrastinating in the hope that the government introduces a favourable amendment to reduce their debts.
Furthermore, 15% businesses with non performing loans, amounting to 4.3 billion euros, also opt out of payment, despite their ability to do so. Greek banks attribute the intentional payment defaults of mortgage home loan holders to the expanded criteria of protection introduced by the Katselis law.
Tagged under
Related items
-
Family hid grandmother's death for years to keep her pension
-
Calabria’s Grecanico speakers battle to keep an ancient Greek dialect alive
-
Prime Minister unveils €2.2 billion tax relief package for businesses at Thessaloniki fair
-
Mitsotakis rules out reshuffle, locks in Spring 2027 election date
-
Hellenic Air Force F-4 Phantom crashes during airshow in Athens - Two crewmembers killed
Latest from E.Tsiliopoulos
- Family hid grandmother's death for years to keep her pension
- Calabria’s Grecanico speakers battle to keep an ancient Greek dialect alive
- Prime Minister unveils €2.2 billion tax relief package for businesses at Thessaloniki fair
- Mitsotakis rules out reshuffle, locks in Spring 2027 election date
- Hellenic Air Force F-4 Phantom crashes during airshow in Athens - Two crewmembers killed