More than 28% of Greek households had bank loans in 2020

A 28.4% of Greek households were burdened with bank loans (excluding mortgages) in 2020, of which 20.1% had one loan, 6.4% had two loans, 1.6% had three loans and 0.3% had four loans, while 71.6% of Greek households did not any loan, Hellenic Statistical Authority revealed.

The statistics service said that 16.1% of poor households had at least one loan, while non-poor households with at least one loan totaled 30.9%. Of these, 55.1% of loans covered the purchase of assets, 45.8% daily expenses, 9 %were for education, 7.7% for a vehicle, 6.9% for holidays, 3.7% for medical services and 1.7% financed a private company while 1.4% refinanced a loan. Bank or other financial institution accounted for 98.3% of funding, followed by a private source (relatives, friends, etc) with 1.5%.

The average sum paid in interest and capital for household loans (excluding mortgages) was 236.15 euros. Greek households spent 295.82 euros last month to buy food and beverages, 120.46 euros to consume food and beverage outside the home and 150.36 euros for the use of private transport means.

Original story: The National Herald | Athens News Agency 
Photo: Photo by Takis Kolokotronis in
Edition: Prime Yield