Mortgage loan
Rush to enjoy Katseli law status
One out of four mortgage debtors are under the protection of the Katseli law, according to the official data on pending applications at Greek courts that Kathimerini has seen.
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Eurobank sets out to securitize mortgages worth 2 bln euros
Eurobank will be the first bank to securitize its mortgage loans, putting up for grabs a security based on a portfolio worth 2 billion euros. According to a teaser sent to candidate investors, the portfolio will contains around 44,000 loans, all of which have long been classified as nonperforming.
Credit Expert: It is Expected that 2019 will be Stable on the Credit Market
The expectations of the experts are 2019 to be stable on the credit market - both in terms of mortgage loans and consumer loans. This was stated by the credit consultant Tihomir Toshev, reported BNT.
Katseli law extension to be shelved
While the government appears to be considering extending the protection of debtors' main residence in some form, this is not likely to be in the context of existing legislation which expires at the end of the year.
Meanwhile, talks with creditors on the possibility of a fresh repayment plan for up to 120 installments have frozen.
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Property price growth can help banks achieve NPE reduction targets
The key condition for banks to hit their targets for reducing nonperforming exposures is that property prices continue to climb, according to the National Bank's chief executive officer, Pavlos Mylonas.
He was speaking at the Capital+Vision conference, organized by the German-Greek Chamber of Commerce and Industry, in Athens on Monday.
Property sales sharply rose in June as firms discounted home prices
Following a nearly five-month slowdown, house sales in Turkey rose significantly in June, mainly thanks to interest rate cuts in banks' mortgage loans and discounts by real estate companies.
Growth of home sharing market spurs demand for mortgage loans
The rapidly growing home sharing market is the reason for the small increase in interest in taking out a mortgage in Greece.
That trend is confirmed by bank data that show about a 50 percent rise in mortgage applications and a 30 percent increase in savings in the first five months of 2018 compared to the same period last year.
An Irish model that forgives part of debts to banks
Local banks have another instrument at their disposal in their efforts to tackle the issue of nonperforming loans, and particularly the mortgages that form the bulk of the problem for Greek households.
Banks join forces to settle bad loans
Banks are preparing to make joint proposals for the settlement of bad mortgages (with write-offs of up to 50 percent) and bad consumer loans (up to 90 percent) to almost 157,000 debtors who have filed for protection under the provisions of the so-called Katseli Law.
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Financial Problems for 1/3 of the Construction Companies in Bulgaria
One third (31%) of Bulgarian construction companies are experiencing financial difficulties and this remains a risk factor for the construction sector in Bulgaria, according to data from the consulting company for risk management Coface presented on Wednesday and quoted by Investor.bg.