Holiday packages, debt cut for reliable borrowers

National Bank of Greece intends to reward its reliable borrowers with free holidays at popular destinations, extra points in its card use reward program, as well as discounts on other products, such as insurance policies with cooperating insurers.
The bank's initiative on the sensitive issue of easing pressure on consistently paying clients aims at reducing the feeling of injustice felt by those who meet their obligations to the bank in spite of the financial crisis.
This move by NBG is expected to shift the debate from banks' problematic portfolios and encourage similar moves by rival lenders too.
Kathimerini understands the NBG initiative is targeted, as it goes one step further than the universal program of point rewards, offering additional benefits.
The program is in its final stage of planning and National is expected to launch it by September.
The...