Subscribe Now!

 

Friday, January 27, 2023
spot_img
spot_img
GreeceBusinessFinMin Staikouras puts pressure on Greek banks to relieve vulnerable debtors

FinMin Staikouras puts pressure on Greek banks to relieve vulnerable debtors

Avatar
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

Greek banks must come up with proposals to actively support citizens who face a lot of financial pressures due to high inflation and the rise in the cost of money, Greek Finance Minister Christos Staikouras told them on Thursday, giving bankers a two-week deadline to do so.

According to a bank statement, Staikouras met anew with heads of systemic Greek banks, along with Bank of Greece and Hellenic Bank Association representatives. Present from the ministry were Secretary General for Fiscal Policy Thanos Petralias, Special Secretary for Private Debt Management Marialena Athanasopoulou, and Chairman of the Council of Economic Advisors Michael Arghyros.

Following his meeting with bank representatives, Staikouras said that the challenges for the Greek public are overwhelming and the financial system should lend a hand in supporting incomes of citizens under pressure, as the government is doing.

Staikouras discussed the following points with bankers:

– Support of vulnerable borrowers who are up to date on their obligations, taking into account European supervisory rules and without fiscal cost. This proposal should be presented within the next two weeks.

Thanks for reading Hellenic News of America

– Banks should present proposals that will improve the number of approvals for extrajudicial debt settlement applications by borrowers who are up to date on their obligations. These should be presented by the end of the year.

– Interest on deposits must be raised, and raised interests on loans must be reduced, following the rise in the central bank’s interest rate. Banks are expected to move distinctly and independently in this direction in the near future, the statement added. The Greek government wants this to happen immediately, taking into account the great rise in the banks’ interest-rate margin lately.

– Bank fees levelled on simple bank transactions must be reassessed. On this, the government has provided banks with a proposed list of fees, which should be assessed by every bank distinctly and independently.

A new meeting will be held in about two weeks, the statement said.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img