x

Economy

Survey: A 28.4% of Greek Households Had Bank Loans in 2020

September 23, 2021

ATHENS — A 28.4 pct of Greek households were burdened with bank loans (excluding mortgages) in 2020, of which 20.1 pct had one loan, 6.4 pct had two loans, 1.6 pct had three loans and 0.3 pct had four loans, while 71.6 pct of Greek households did not any loan, Hellenic Statistical Authority said on Thursday.

The statistics service said that 16.1 pct of poor households had at least one loan, while non-poor households with at least one loan totaled 30.9 pct. Of these, 55.1 pct of loans covered the purchase of assets, 45.8 pct daily expenses, 9 pct were for education, 7.7 pct for a vehicle, 6.9 pct for holidays, 3.7 pct for medical services and 1.7 pct financed a private company while 1.4 pct refinanced a loan. Bank or other financial institution accounted for 98.3 pct of funding, followed by a private sources (relatives, friends, etc) with 1.5 pct.

The average sum paid in interest and capital for household loans (excluding mortgages) was 236.15 euros. Greek households spent 295.82 euros last month to buy food and beverages, 120.46 euros to consume food and beverage outside the home and 150.36 euros for the use of private transport means.

RELATED

ATHENS - An Ecofin decision to incorporate the REPowerEU programme in an update of national Recovery and Resilience plans will allow the strengthening of strategic energy infrastructure which further enhances the national advantage of diversifying energy sources and routes, along with cross-border connections, boosting energy economy, environmental footprint and the country's regional role in the energy map, Greek Finance Minister Christos Staikouras said.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Crowds Flock to Funeral of Alison Russo-Elling, Victim of Greek-American Assailant

BROOKVILLE – With honors befitting an FDNY EMS lieutenant who fell in the line of duty, Alison Russo-Elling was buried today.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.