At 70.8 billion euros increased the total value of red loans managed by the so-called “servicers» i.e. Loan and Credit Claims Management Companies (CRMs) in the third quarter of 2024.

According to the data of the Bank of Greece, the nominal value of domestic private sector loans, which are managed by the domestic credit institutions and have been transferred to specialized financial institutions abroad, increased by 1.012 billion euro.

In more detail:

  • The nominal value of business loans under management increased to 23.156 billion euro at the end of the third quarter of 2024, from 22.788 billion euro at the end of the previous quarter.
  • The nominal value of loans to non-financial enterprises (NFCs) increased by 367 million euro and formed into 23.117 billion euro at the end of the 3rd quarter of 2024. Of the loans under management to MFIs, amount 11, 101 billion. euros concerns loans to small and medium enterprises (SMEs).
  • The nominal value of loans under management to other financial institutions increased by 1 million. euros at the end of the third quarter of 2024.
  • The nominal value of loans under management to freelancersfarmers and individual businesses increased by 313 million euros compared to the previous quarter and amounted to 9.410 billion. euros at the end of the third quarter of 2024.
  • The nominal value of loans under management to individuals and privately not for profit institutions increased by 331 million euros compared to the previous quarter and amounted to 38.214 billion euros at the end of the third quarter of 2024.

In more detail, consumer loans under management showed an increase of 123 million. euros and amounted to 15,760 billion euro. Mortgage loans under management showed an increase of 209 million. euros and amounted to 22.165 billion euro.