Loans of €12.3 bln arranged since last July

In less than a year, banks and servicers have restructured total loans of 12.3 billion euros, according to a Finance Ministry report on the progress of credit management. The loans restructured between July 2019 and May 2020 numbered 252,529 and concern all categories - i.e. corporate, consumer and mortgage loans.

The vast majority of those restructurings were made by banks, which in those 10 months drew up payment plans for 200,638 loans adding up to €10.2 billion; in the same period, the loans restructured by servicers amounted to 51,891 and added up to €2.15 billion.

The ministry data showed that in March, the month when the coronavirus pandemic hit Greece, banks made 10,148 loan restructurings that came to €601.8 million. Almost half of them (49.45% or 5,018 loans) concerned consumer credit worth €64.91 million and another 41.27% (4,188 loans) had to do with...