Greek banks plan to boost mortgage loan portfolios‏

13:11 27/1/2014 - Πηγή: Matrix24

Housing credit fell to a historic low, recording negative growth rates in the last few years, as a consequence of the crisis, after rising by more than 25 pct annually in the mid-2000.
Banking officials said that new mortgage loans totaled around 150 million euros, or around 2,500 new loans, in 2013, almost a weekly figure during the “golden era” of bank credit. Greek

banks plan to distribute more capital into housing credit this year.
National Bank plans to boost its mortgage loans portfolio by more than 200 million euros, with other banks also planning similar projects.
Greek banks have focused their attention, almost exclusively, in the last two years to renegotiate loans with debtors facing problems in loan repayment and have renegotiated more than 250,000 mortgage loans, worth 18 billion euros so far. Greek banks now aim to focus on the lending of households with healthy finances seeking to buy new homes.

source: ΑΜΝΑ