Greece’s banks reduced loans to businesses but increased overall disbursements in 2024 compared to 2023. Large businesses received the largest amounts, and also borrowed at the lowest interest rates compared to the rest.

According to data from the AnaCredit statistical database, the value of new business credit agreements amounted to 28 billion euros in 2024, slightly reduced compared to 2023.

However, the debts of non-financial corporations (NFCs) to domestic credit institutions corresponding to these agreements – that is, the value of loans not only agreed upon but also disbursed during this year – increased significantly by 61%, reaching €20.6 billion, up from €12.8 billion the previous year.

Original Story: Ekathimerini
Edition: Prime Yield|
Image by Raten-Kauf from Pixabay

Greece’s housing market is gridlocked by bureaucracy, say both banks and servicers.

Eurobank CEO points the finger back at the state, arguing that it is government-imposed conditions, particularly those tied to property legalization and digital registration, that are delaying housing sales.

Greece’s banks, loan servicers, and investment funds currently hold an estimated 25,000 properties, according to official data. Yet most of these remain unsold, prompting the government to accuse the asset managers of deliberately holding back supply in a bid to extract higher profits.

The result, officials argue, is a limited housing stock that fails to ease soaring demand—especially from abroad—driving prices even higher and making homeownership unattainable for younger households.
However, both banks and servicers strongly reject this claim.

Fokion Karavias, CEO of Eurobank, firmly counters the government’s position, stating that financial institutions have every incentive to sell these assets as quickly as possible. He points the finger back at the state, arguing that it is government-imposed conditions, particularly those tied to property legalization and digital registration, that are delaying sales.

Under current rules, properties must be fully legalized in terms of planning permissions, zoning, and other regulatory requirements before they can be transferred. Banks and servicers can acquire them as-is but can’t resell until all issues are resolved.

This regulatory bottleneck, Karavias insists, is the true cause of the limited supply on the market. He notes that legalising properties and securing digital IDs is a long and complex process, often dragging on for months or even years.

Eurobank and others have suggested allowing property sales without prior digital registration, transferring the responsibility to buyers—but the Finance Ministry has rejected the proposal. Karavias criticises the rigid stance, especially given that only a small fraction of Athens’ housing stock currently has a digital ID.

Theodore Kalantonis, head of doValue Greece, also proposed shifting responsibility for legalizing properties to buyers for a year to help ease supply pressures. He warns that lengthy red tape delays sales and that mortgage approvals now take six months—far longer than the 45 days needed before the crisis—often stalling deals.

Kalantonis warns that mounting delays risk undermining Greece’s edge in real estate, once known for fast deals. He urges the government to cut red tape, starting by letting buyers handle property legalisation and digital IDs, to ease the country’s housing crisis.

Original Story: Tovima
Edition: Prime Yield
Image by Reissaamme from Pixabay

The government would like to see the thousands of closed properties managed by servicers reopen and begin to return to the market, considering that they will constitute an important source of supply reinforcement.

The issue was discussed last May 29th  among others, by Minister of National Economy and Finance Kyriakos Pierrakakis and Bank of Greece Governor Yannis Stournaras, in a meeting at the central bank, while in the afternoon a meeting was held on the same issue at the Ministry of National Economy, under Pierrakakis, with the participation of the servicers and Bank of Greece Deputy Governor Christina Papaconstantinou.

The goal is to regulate the loans corresponding to these properties, so that they can be put back on the market not be auctioned off. A systemic solution is being sought in this direction, a source has told Kathimerini. However, the same source acknowledged that the solution will not be easy, given that it is a problem that has accumulated over the years.

In any case, the government has put housing at the center of its policy, as this has emerged as a top problem. To this end, it is attempting to bring as many as possible of the approximately 800,000 closed properties onto the market, according to the calculations of representatives of the real estate market.

For individuals who keep their properties closed, the government will move with a carrot-and-stick logic, providing incentives for owners to open their closed properties and establishing disincentives for those who insist on keeping them closed.

At their meeting, Pierrakakis and Stournaras agreed that the Savings and Investment Union, which is promoted by the European Commission, is positive and they support it.

Pierrakakis added that the barriers between European economies must be removed. “As Mario Draghi has mentioned,” the minister explained, “the barriers that exist in the service sector are equivalent to corresponding tariffs of around 110%.”

Original Story: Ekathimerini | Author: Eirini Chrysolora
Edition: Prime Yield
Image by Thomas G. from Pixabay

With a front-loaded “haircut” and new financing, the first mortgage loans that had been sold to funds are gradually returning to the banking system and are now being serviced normally.

These are loans worth some 2 billion euros, which today, after three years of consistente repayment, have “greened up” and can return to the credit system that is thirsty for new mortgages.

These loans have been regulated by the management companies with a significant debt “haircut”, which, however, will not kick in until the end of their repayment, in order to ensure that the borrower will adhere to the arrangement.

With the return of these loans to the banks, it is planned that the “haircut” will be front-loaded to the benefit of the borrowers, who will receive new financing from the bank to which they will now owe his debt. This way, they will repay their dues to the fund to which the loan has been sold, while earning the amount of te write-off that has been agreeded upon for the end of the loan repayment.

This initiative is being taken by doValue in collaboration wiith National Bank and Eurobank, as well as smaller banks, such as Attica and Optima.

Original Story: Ekathimerini | Author: Evgenia Tzortzi
Edition: Prime Yield

Following an announcement on 27 February 2025, National Bank of Greece (NBG) announced the completion of the Frontier III transaction. This involved the securitisation of a portfolio of non-performing exposures (NPEs) with a total gross book value of around €0.7 billion. This was made possible by the receipt of a State guarantee on the senior notes under the Hellenic Asset Protection Scheme (HAPS).

As part of the agreement, NBG retains 100% of the senior notes and 5% of the mezzanine and junior notes, while selling 95% of the mezzanine and junior notes to funds managed by Bracebridge LLC. Morgan Stanley & Co. International Plc acted as the financial advisor and arranger of the transaction. Clifford Chance LLP and Karatzas & Partners Law Firm provided international and local external legal counsel to NBG, respectively.

Original Story: NBG PR
Edition and translation: Prime Yield

Greece’s four systemic banking groups can now turn to defaulted loans that have been successfully regulated and are regularly repaid to increase their asset and loan portfolios.

Since the supervisory authority (SSM) has not yet given the green light for banks to directly buy back loans they have sold or securitised themselves, the secondary market is open to them in two other ways.

The first is to refinance the loans individually. In this case, the bank grants the borrower, whose debt is in a fund, a new loan to repay the original one. In this indirect way, the loan returns within the banking system, which the banks have received official information about from the authorities. The second way is to buy packages of loans that have been sold or securitised by other banks in the past. The current ban on the repurchase of restructured exposures applies only to loans originated by the bank itself, and not to loans originated by third parties.

NPL management companies have already begun preparations, categorising well-performing exposures to facilitate the creation of packages that can be returned to the banking sector. Analysts estimate that, although banks have not announced any immediate moves, we are likely to see the first transactions in this category later this year, acting as a “test” for the market. These changes will also depend on the course of general credit expansion.

According to official data from the Bank of Greece for the first quarter of 2025, credit expansion rates remained strong. The annual rate in the private sector was above 10 per cent, while corporate credit balances grew by 16 per cent per year. For households, the change in credit stabilised at -0.5%, with the prospect of turning positive. The contraction in mortgage lending was significantly limited in March to -2.4 per cent, the smallest decline in many years, thanks to an increase in new mortgage disbursements (+30 per cent in the two-month period from January to February 2025 compared to 2024).

Although banks now have new ways of bringing defaulted loans back into their portfolios, the use of the secondary market will probably depend on whether the current rate of credit expansion is sufficient to meet banks’ targets this year, although the first quarter data show a positive trend.

Original Story: Money and Life
Edition and translation: Prime Yield

The economic crisis that the country went through in the past decade casts a heavy shadow on the decisions of households over whether to resort to bank loans to buy a house. Combined with the upward trend in interest rates, it prevents a large number of potential borrowers from crossing the threshold of banks to apply for a loan.

This is confirmed by an Alpha Bank study on the housing issue in the country, according to which high interest rates and the fear of risk are the main deterrent factors for those who state that they do not intend to finance the purchase of a house with a mortgage.

Specifically, one in two respondents cites high interest rates and, as Alpha observes, “the stricter financing conditions that lead to higher debt servicing costs are the main deterrent factor for potential borrowers.”

Furthermore, 41% of respondents in this sample consider fear of risk to be a key factor in not applying for a mortgage. Fear of risk is linked to uncertainty about possible adverse events, such as future job losses or an unexpected increase in interest rates, negatively affecting households’ ability to service their debt in the future. 

As Alpha Bank observes, “it seems reasonable to assume that these concerns have increased significantly since the global financial crisis of 2008, especially in countries such as Greece, where the effects were particularly severe. This is largely due to the fact that the majority of people have experienced such events at some point in their lives. As a result, fear of risk has become embedded in the collective memory.”

These findings coincide with the banks’ findings from the course of applications for the “My Home” program, which show massive interest, with the main attraction being the cost of the loan based on a 50% interest rate subsidy. It should be noted that the final interest rate applicable to “My Home II” is determined based on Euribor and the margin applied by the bank. This margin ranges between 1.5% to 1.7% – depending on each lender’s policy. 

Original Story: Ekathimerini | Author: Evgenia Tzortzi
Edition: Prime Yield

doValue Greece has been awarded a new servicing mandate by funds managed by Fortress Investment Group, adding approximately €500 million in GBV.

“This mandate reflects the high level of costumer satisfaction achieved by doValue Greece, as well as the continued strategic value of doValue’s partnership woth Fortress”, says the statement released by the servicer group.

Additionally, this mandate marks further progress in the positive path since the start of the year, as the group reaches €7 billion GBV from new business compared to a target of €8 billion for the entire 2025 as outlined in the 2024-2026 business plan.

Original Story: doValue
Edition: Prime Yield

Despite efforts to tackle Greece’s mounting private debt – now totaling €89 billion – millions of borrowers remain off the radar, making regulation and recovery more difficult, industry leaders warned at the 10th Delphi Economic Forum.

Tasos Panousis, CEO of loan servicer doValue, revealed that while the company manages 1 million clients, it only has complete data on half of them. Without visibility, it’s harder to regulate and recover debts, he noted.

The issue spans the broader industry. Thodoris Athanasopoulos, CEO of Cepal Greece and President of the Association of Loan and Credit Claims Management Companies (EEDADP), said that out of 2.7 million debtors managed by servicers, only 57,000 have signed up on online platforms designed to give them access to their debt and credit information.

Of these 2.7 million debtors, around 600,000 are tied to a state-supported securitization scheme. Another 1.5 million are borrowers whose non-performing loans have been sold off to funds, while the remainder still have non-performing loans held directly by banks.

Panousis expressed confidence in the state-backed securitization program, noting that five out of seven loan bundles managed by doValue are exceeding expectations. The two underperforming portfolios involve around 100,000 borrowers whose settled loans were supposed to return to banks – a step that has not happened yet.

This return would boost bank revenues and help borrowers regain access to credit, he explained, urging quick action on viable debt settlements to prevent the cost from falling on taxpayers.

Currently, an estimated 700,000 properties are linked to non-performing loans. Only 13,000 of these have so far come into the ownership of loan management funds. Panousis emphasized the importance of avoiding property auctions, calling them “costly and time-consuming,” and urging instead for consensual solutions to be reached directly with borrowers.

Original Story: Ekathimerini | Author: Evgenia Tzortzi
Edition: Prime Yield
Photo: David Tip / Unsplashed

Italian bad loan manager doValue has reached 80% of its targeted increase in gross loan portfolio for the current year, and it may be able to surpass it, CEO Manuela Franchi said.

The Milan-listed company, whose shareholders include U.S. funds Elliott Investment Management, Fortress and Bain Capital Credit, announced it had secured a new contract in Cyprus to recover impaired loans worth around 350 million euros secured against nearly 1,000 properties.

The deal, which follows a 700 million euro with the National Bank of Greece, brings to 6.5 billion euros the new business the company has secured so far this year, helped by its expansion into other southern European markets, including Spain.

“We fully confirm our 2025 target of 8 billion euros in additional gross book value,” Franchi said in comments to Reuters. “If the current trend continues, we don’t rule out even surpassing it in the first part of the year.”

By shedding some 290 billion euros in soured loans since 2016 Italian banks turned the country into Europe’s biggest market for these assets. However, new flows have dried up in recent years as lenders completed their clean-up and tightened lending.

“We believe our geographical diversification will allow us to keep signing new contracts on a regular basis,” Franchi said.

The group has weathered the market slowdown thanks to selective acquisitions and a decision not to invest directly in loan portfolios, but to focus solely on managing them, she said.

Europe’s biggest loan collector Intrum, pushed to the brink by debt costs as interest rates spiked, last year filed for U.S. creditor protection as it sought to restructure its debt.

Unlike doValue, Intrum bought part of the loans it managed.

Seeking to buttress profits as the industry reorganises after the boom years, doValue last year struck a cash-and-share deal to buy Elliott-backed Gardant, a smaller domestic rival.

Cost savings through tie-ups and revenue diversification are seen as a way for the sector to shield profits.

“We look with interest at continental Europe, an area where we are not present but which may offer growth opportunities given the slowing economy and our strong track record,” Franchi said.

Original Story: Reuters
Edition: Prime Yield

DoValue has signed a new agreement with the National Bank of Greece (NBG) to act as servicer for a €0.7bn gross book value non-performing loan (NPL) portfolio to be securitised.

Under this Frontier II project, NBG has entered into a definitive agreement with funds managed by Bracebridge Capital for the sale of 95% of the mezzanine and junior notes.

DoValue Greece will act as the sole and exclusive servicer for the portfolio, which consists mainly of secured NPLs, and will also provide REO services.

The agreement is subject to the completion of the securitisation process of the portfolio by NBG under the Hellenic Asset Protection Scheme (HAPS), which is expected to be completed in the second quarter of 2025.

With this new mandate, DoValue noted that it has achieved €6.1 billion of gross book value from new business since the beginning of the year, exceeding its target of €6 billion for new mandates and reaching more than 75% of the target of total gross book value from new business for the full year 2025.

Original Story: Market Screener | Author: Reuters
Edition: Prime Yield

The nominal value of loans to the domestic private sector serviced by domestic credit servicers and transferred to non-resident specialised financial institutions increased by €3.97 billion, the Bank of Greece said. They reached a total value of 74.75 billion euros at the end of the fourth quarter of 2024.

The nominal value of serviced corporate loans increased to 25.51 billion euros in the fourth quarter of 2024, from 23.15 billion euros in the previous quarter.

Original Story: Ekathimerini
Edition: Prime Yield

Global ratings agency Moody’s has upgraded Greece’s rating to “Baa3” from “Ba1”, citing quicker-than-expected improvement in public finances and the country’s greater resilience to potential future shocks.

“Based on the government’s policy stance, institutional improvements that are bearing fruit, and a stable political environment, we expect Greece to continue to run substantial primary surpluses, which will steadily decrease its high debt burden,” Moody’s said in a statement.

Since 2020, the nation’s debt – the highest in the eurozone – has shrunk by more than 40 percentage points, reaching 154% of its gross domestic product in 2024, and is projected to drop further by the end of this year.

Greek banks are steadying and returning to profit after being nationalized following the 2009 financial meltdown caused by the country’s debt crisis, which put them in a vulnerable position, requiring several capital injections from the government.

Last week, Morningstar DBRS upgraded Greece’s credit rating to “BBB” from “BBB low”, two notches above the investment grade, citing a healthier banking sector and the continued reduction in the country’s general government debt ratio.

The agency also revised Greece’s outlook to “stable” from “positive”, reflecting a balance between persistent credit challenges that are slow to improve and the country’s institutional stability, which supports positive prospects.

Prime Minister Kyriakos Mitsotakis said in a post on the social media: “Moody’s upgrade of Greece to Baa3 marks the final step in restoring our investment grade by all major rating agencies, highlighting Greece’s significant progress. We remain fully committed to reforms that attract investment, create jobs, and drive sustainable growth.”

Original Story: Ekathimerini
Photo: Moody’s
Edition: Prime Yield

Banks and real estate companies that manage properties from auctions (REOCOs) are prioritizing properties in their portfolios that are eligible for the “My Home II” program in order to increase the supply on the market, as well as avoid the doubling of the Single Property Tax (ENFIA) that comes into force next year.

Based on estimates, this concerns  5,000 properties that meet the characteristics provided for by the program: Tthey have been built until 2007, their area is up to 150 sqm. and their commercial value does not exceed EUR 250,000. Of these, those that are mature for sale do not exceed 1,500-2,000 and the goal is to quickly mature the rest in order for them to return to the market.

Finding the right property is the main problem faced by those interested in applying for “My Home II”. As the latest data show, applications to banks have already reached 20,000 and to date the number of entrants in the program is approximately 500.

It should be noted that in order to be eligible for the program, one must have found the property for which they are applying for a loan about, and the low number in relation to the volume of applications at the banks confirms the significant deficit that exists in the housing market, especially in Attica.

The application requires that the properties the interested parties have found have an electronic identity for the loan process to proceed, provided that the prospective borrower meets the bank’s credit criteria.

According to data from banks, 10% of prospective borrowers declare that they have found the property, raising the number of those who can join immediately based on the applications to date to close to 2,000. The interest rate of the program is based on Euribor – currently close to 2.5% –, on which the margin charged by each bank is applied and which is formed on average at 1.5%. Given that 50% of the interest rate is subsidized, the final interest rate is close to 2%.

Banks and companies that manage properties that have come into their ownership after auctions due to debts from bad loans have every reason to promote the stock of these properties, in order to, on the one hand, limit the shortage of supply in the market and, on the other hand, to avoid paying double ENFIA from 2026. The doubling of ENFIA was imposed by the recent law on bank charges and concerns all properties that they will own at the end of 2025 and have not been rented.

Original Story: Ekathimerini | Author: Evgenia Tzortzi | DATE: 13/02/2025
Edition: Prime Yield

Vast majority of 211,000 property acquisitions in 2024 made through deposits and cash

Properties worth approximately EUR 23 billion changed hands last year in Greece, according to data from the Independent Authority for Public Revenue (AADE), but only a few involved mortgage credit.

These are real estate purchases and sales prices based only on the contracts that were drawn up, which means that the actual value of the properties transferred is greater, as it is customary for contracts to indicate the taxable price (known as “objective value”) of the property, with a portion of the final amount being paid “under the table.”

In fact, real estate sales in 2024 recorded an increase of around 30% in value compared to 2023, while the first data for this year (from January) show that sales will remain at high levels.

The particularly impressive fact is that of the real estate sales of over EUR23 billion that took place in 2024, only EUR1.5 billion came from mortgage loans. That is, mortgage loans last year approached EUR1.5 billion, when sales were over 15 times higher!

This means that thousands of purchases and sales were made without a mortgage loan – i.e. through deposits and cash. However, the data show that the total deposits held by households in banks amounted to EUR150.3 billion at the end of December, up from EUR146.6 billion in December 2023, recording an increase of EUR3.7 billion in one year.

Of the EUR23 billion, approximately EUR2.5-3 billion came from foreign investors, while EUR2-2.5 billion concerned sales of large properties, such as hotels etc. The remaining EUR18 billion concerned sales of apartments, offices and plots of land. A total of 211,590 transfer declarations were submitted, compared to 174,475 in 2023.

It is noted that in each property transfer there may have been more than one declaration, as the tax office records rights (percentages belonging to each owner).

Notably, the above data only concern property transfers made through the MyProperty electronic application and do not include transfers of agricultural plots.

Original Story: Ekathimerini |  Author: Prokopis Hatzinikolaou
Edition and translation: Prime Yield

Attica Bank, completed the securitisation of its “Domus” and “Rhodium” non-performing loan (NPL) portfolios, with a combined book value of approximately €3.7 billion.

These securitisation transactions were executed simultaneously and were among the most intricate NPL securitisations in the Greek market to date. The Arthur Cox team advised Attica Bank, S.A. on the transaction.

The Bank holds 100% of the senior notes of the ‘Domus’ securitisation, worth € 728 million, and 5% of the mezzanine and junior notes.

In addition, it holds 100% of the senior notes of the ‘Rhodium’ securitisation of €476 million and 5% of the medium and junior notes. 95% of the medium and junior notes of the ‘Domus’ and ‘Rhodium’ securitisations have been transferred to an entity advised by Davidson Kempner Capital Management LP.

The portfolios are managed by Cepal Hellas Financial Services.

Original Story: Capital.gr
Edition and translation: Prime Yield

PQH, the Special Liquidator for all credit and financial institutions under special liquidation in Greece, announced the closing of the Alphabet transaction, with a total gross book value of EUR4.8 billion and total purchase price approaching half a billion euro, making it the largest non-performing loan (NPL) portfolio sale in Greece.

The closing involved three portfolio transfers. On 15th November 2024, the Alphabet Unsecured/Low Secured Portfolio was transferred to an affiliate of funds managed by Fortress Investment Group. Later, at 17th January 2025, the Alphabet Secured Retail Portfolio was transferred to an affiliate of funds managed by Fortress Investment Group and Bain Capital’s Special Situations business; and last,  on 31st January 2025, the Alphabet Secured Corporate Portfolio was transferred to a fund managed by Bracebridge Capital.

The tender process, launched in October 2023, attracted strong international investor interest.

Spyros Rasias, CEO of PQH, stated “The completion of the Alphabet transaction is an important milestone in PQH’s journey as it is yet another strong demonstration of our commitment to the realisation of our mission. With the support of the Bank of Greece and guided by our strategic planning, the success of the transaction proves the resilience and stability of the Greek economy, despite international financial and geopolitical challenges”.

Alex Frangos, Chief Strategy Officer of PQH, added: “The Alphabet closing marks the successful conclusion of a critical chapter in PQH’s strategy, which was focused on accelerating portfolio sales. The result validates our efforts, achieving significant recoveries under difficult global macroeconomic conditions. Portfolio sales will remain a part of PQH’s business strategy going forward, which will be shaped by prevailing market conditions”.

Morgan Stanley & Co. International plc acted as financial advisor and PotamitisVekris law firm as legal advisor to PQH.

Original Story: PQH

They may not have “zeroed out” the “red” loans under their control, but non-performing loans (NPLs) in Greek banks are certainly at a fifteen-year low. The NPL rate of 4.6% recorded in the third quarter of 2024, according to official data from the Bank of Greece, not only confirms the very positive evolution of the out-of-court mechanism, but also presents a better picture even before the crisis, as this indicator stood at 5.2% in 2007.

Taking advantage of “Hercules III”, which has been extended until June this year with a “dowry” of another billion from the original budget, Greek banks plan to further lower the bar on “bad” loans in the first months of 2025, thus planning to securitise with the 3 billion guarantees of the new “Hercules”.

Of course, one of the main problems of the market, which is often discussed, is the management of “bad” loans, which have left the banks’ balance sheets but remain in the economy until they leave the management companies (servicers), as regulated or written off.

The out-of-court mechanism, one of the life-saving tools in the management of private arrears, has begun to bear significant fruit in the overall picture of the market, following the improvements it has received.

Original Story: Banks.com | Author: Newsroom
Edition and translation: Prime Yield

DoValue Spa has secured two new mandates in the Hellenic region through its subsidiary, DoValue Greece Loan and Credit Claim Management Company, totaling €1.6 billion.

The first is a new mandate to manage the entirety of a portfolio of proprietary funds managed by affiliates of Fortress Investment Group and Bain Capital. The portfolio represents the second of three tranches of the “Alphabet Project” in Greece, a portfolio with a total value of approximately €5 billion after the first tranche was awarded.

The Alphabet Secured Retail portfolio, for which doValue has been appointed as the sole and only servicer, includes gross book value of approximately €1.4 billion and total credit of approximately €2.8 billion that covers about 17,000 borrowers and is backed by real estate collateral real estate.

In addition, a new NPL contract worth approximately €200 million gross book value was signed in Cyprus.

“These contracts mark a significant start to the new year for the group, with €1.6 billion of GBV from new mandates after exceeding the target for new business in 2024, chart the positive path taken by doValue and reinforce its confidence in achieving the growth and profitability targets set out in the 2024-2026 Business Plan,” the company wrote in the released note.

Original Story: MarketScreener | Author: Alliance News
Edition: Prime Yield

In the third quarter of 2024, the nominal value of loans to the domestic private sector serviced by domestic credit servicing firms (CSFs) that have been transferred to non-resident specialized financial institutions increased by 1.012 billion euros, according to the latest figures released by the Bank of Greece.

The total value of loans serviced by domestic and foreign CSFs increased to €70.78 billion at the end of the second quarter of 2024, from €69.79 million in the previous quarter.

The nominal value of serviced corporate loans increased to €23.15 billion in the third quarter of the year, from €22.79 billion the previous quarter.

In further detail, the nominal value of loans to non-financial corporations (NFCs) increased by €367 million to €23.12 billion at the end of the third quarter.

Out of the total of these loans to NFCs, an amount of €11.1 billion corresponds to loans to small and medium-sized enterprises (SMEs).

The nominal value of loans to other financial institutions serviced by CSFs increased by €1 million at the end of the third quarter of 2024.

Original Story: Ekathimerini
Edition: Prime Yield