Mitsotakis to Greek bankers: Give conscientious borrowers cuts on their mortgage interest rates

19 February 2019
121 Views

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday called on Greece’s four systemic banks to include specific reward measures for conscientious borrowers in any new package aimed to reduce the Olympus-sized “mountain” of “bad debt” burdening their balance sheets.

His unprecedented proposal, by Greek standards, came during a meeting with the heads of the country’s systemic banks (National, Eurobank, Piraeus and Alpha) and the leadership of the Hellenic Bank Association (HBA).

The meeting comes after an agreement, in principle, last week between the leftist Tsipras government and the four lenders to establish a new legal framework to protect private residences from creditors, as the current framework expires at the end of this month.

“We fully acknowledge the need for a framework of protection to exist for those (borrowers) that are truly in need, but we also want to discuss with you, how and in what manner to reward the borrowers, who amid the crisis and with great pain, were able to remain consistent vis-a-vis their obligations towards banks,” he said.

His proposal to banks’ CEOs was for a reasonable reduction of the interest rate on mortgages held by dependable lenders, with the framework of criteria to agreed to by the government and the HBA.

You may be interested

Germany’s Merkel says she’s OK after shaking at ceremony (video)
SLIDE
shares9 views
SLIDE
shares9 views

Germany’s Merkel says she’s OK after shaking at ceremony (video)

makis - Jun 18, 2019

German Chancellor Angela Merkel appeared unsteady and was visibly shaking Tuesday as she greeted the new Ukrainian leader in the…

The 5 most beautiful places to walk in Athens
GREECE
shares635 views
GREECE
shares635 views

The 5 most beautiful places to walk in Athens

Panos - Jun 18, 2019

Sometimes, our daily routine prevents us from understanding and admiring the beauty that surrounds us. Stressful jobs, work or family…

Cost for the new railway line Thessaloniki-Kavala-Xanthi at 1.25bn euros
FINANCE
shares21 views
FINANCE
shares21 views

Cost for the new railway line Thessaloniki-Kavala-Xanthi at 1.25bn euros

Panos - Jun 18, 2019

One of the major infrastructure projects of the future in the country will be the new, single-track railway line Thessaloniki-Kavala-Xanthi.…

Leave a Comment

Your email address will not be published.