
The Bank of Greece (BoG) on Tuesday announced that the nominal value of loans allocated to the private sector and serviced by domestic Credit Servicing Firms (CSFs) decreased by 1.72 billion euros in the fourth quarter of 2023.
The total value of these types of loans decreased to 69.46 billion euros by 4Q 2023, down from 71.18 billion euros in the previous quarter.
According to the central bank, a change in the methodology now employed, aimed at harmonizing statistical and relevant supervisory data, means the figure cannot be compared with the same quarter of 2022, as the nominal value of loans calculated for the latter did not include off-balance sheet interest and the amounts of write-offs and write-downs of loans made by the credit institutions that transferred the loan portfolio.
Meanwhile, the nominal value of serviced corporate loans decreased to 22.84 billion euros in the fourth quarter of 2023, down from 23.95 billion euros in the previous quarter.
The nominal value of loans allocated to sole proprietors, farmers and unincorporated partnerships and serviced by CSFs decreased by 542 million euros in the same quarter, and totaled 9.051 billion euros at the end of the fourth quarter of 2023.
Source: tovima.com


Latest News

Newly Appointed Dep. Development Minister Aristos Doxiadis Resigns
His resignation has been accepted by the Prime Minister, and his replacement is expected to be announced in the coming days

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.