Central bank seeks clarifications from Attica Bank over minister’s 100K loan
Two top Attica Bank executives – its deputy CEO and managing director – met urgently on Monday with Bank of Greece (BoG) regulators in the wake of fallout from the disclosure that Alternate Health Minister Pavlos Polakis received a consumer loan worth 100,000 euros by taking out a second mortgage on his residence.
Both the leadership of non-systemic Attica Bank, whose main shareholder is now the state-run unified social security fund (EFKA), as well as the outspoken Polakis himself rejected sharp opposition criticism of favoritism.
Criticism mainly targeted the size of the consumer loan, the fact that he was able to use a second mortgage as a guarantee and the speed in which it was issued.
Attica Bank, itself under scrutiny by the Bank of Greece (BoG), fully defended the loan, saying all internal criteria, practices and prerequisites were met, including sufficient guarantees.
A bank press release also said an “ample” number of similar loans, including the size, have been issued in 2018 until today, while adding that systemic banks have issued similar loans to other office-holders.
The Sunday weekly “Proto Thema” broke the story with a front-page article over the weekend.
You may be interested
Visit the Greek island in the 100 most impressive list in the worldPanos - Aug 05, 2021
Ios was recently included in the list of the most impressive islands in the world on the news site Insider.com.…
Mitsotakis: The critical infrastructures endured – The houses will be rebuiltPanos - Aug 05, 2021
The Greek Prime Minister, Kyriakos Mitsotakis and the Deputy Minister of Civil Protection, Nikos Hardalias made statements after the extraordinary…
Ancient Olympia: The International Olympic Academy is safe for now – Battle with the fire resurgences (video)Panos - Aug 05, 2021
A new alarm for Ancient Olympia as, early in the morning, a new front emerged, heading towards the facilities of…