Service providers: How will they return to banks with previous bad loans – “The Treatment”

Consistent for long time ago And not for a few months it should be Borrowers that they have red loans Which was then amended to return to normal banking life, which will be a positive indicator for economic growth.

On the other hand, Banks They have every reason to return from services as much as possible. More “healing” loans. They also contribute to that. increase their income Hence its profitability.

Therefore, for all parties, banks, borrowers and service providers, the “greening” of bad loans is a demand and “key” To achieve this, it is sustainable arrangements. According to the rules of the European Banking Authority After one year of regular service The loan is considered due and fully recovered after three years. This is the general framework, however, as market sources indicate, the EBA rules for this category of loans contain some rules Mystery Perhaps even more stringently, as regulators focus particularly on monitoring these loans, even though their processing is considered high risk – to ensure they are returned to banks. There will be no danger..

Speaking at an online discussion organised by Capital Link, CFOs of the four systemic banks Christos Christosodoulou (National), Theodoros Janardellis (Piraeus), Harris Cocolognes (Eurobank) and Lazarus Papagarivalou Alfa Bank stressed the importance of returning processed loans managed by service providers to the banking system. It is estimated that gradually, starting from 2025, when the regulated and serviced loans mature, they will return to the banking system. 15-20 billion euros.

“This will not happen immediately, mainly because the policy of service providers, given the difficulty in which borrowers find themselves, may include, for example, the intensification of solutions, etc. “Which makes it difficult to describe loans as first stage,” Th. Gnardelis characteristically stated.

condition Because the return of these loans to the banking system does not affect the cost of risk, as the CFO of Piraeus stressed that “we cannot return to a cycle of defaults that will raise questions about the quality of banks’ funds. There must be sufficient data and details of the payment history.”

In terms of credit expansion, the four CFOs also see an increase in demand for housing, following the new loan products they have launched, financing on favorable terms of up to 90% of the commercial value of the property and in anticipation of the second “My Home” programme announced by the Prime Minister last month which will extend the age limit for beneficiaries, the income criteria (30-50 years old beneficiary age 25-39 years old, income up to €40,000) while the criterion is also expected to be raised to age 15 as it was a major obstacle to finding a property in the first phase of the programme.

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