The Traderszone Network

Published in TZ Latest News 11 July, 2014 by The TZ Newswire Staff

Greek Banks See Quadrupling of Housing Loans by Next Year

Greek banker Theodoros Kalantonis, who has survived the worst of times the past six years, said he can finally see the resurrection of home lending. Next year “will be a turning point for the Greek mortgage market,” Kalantonis, executive general manager of retail products and non-performing loans at Alpha Bank A.E. (ALPHA), said in an interview from his Athens office. Alpha Bank, the country’s fourth largest, and its competitors are counting on the growth rate of non-performing loans to stabilize once a law preventing banks from foreclosing on property is dismantled.

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