The demand for housing loans decreased, while it remained almost unchanged for consumer loans, during the third quarter of 2023, according to the Bank of Greece Bank Loans Survey.
The overall conditions for granting business loans remained unchanged, as did the overall demand for business loans, while the criteria for granting loans to non-financial enterprises (NFEs) also remained stable.
Loans to non-financial businesses
In the third quarter of 2023, lending criteria to non-financial corporations (NFCs) remained almost unchanged compared to the second quarter of 2023 (see Chart 1), a development in line with expectations expressed in the survey of previous quarter. In addition, the banks estimate that the criteria will remain unchanged during the fourth quarter of 2023.
The overall terms of loans to SMEs remained almost unchanged compared to the second quarter of 2023, although the banks’ interest margin for conventional loans decreased to a point.
During the third quarter of 2023, the total demand for loans to SMEs remained unchanged. In the next quarter, overall loan demand is expected to remain almost unchanged, although small and medium-sized business loan demand is expected to increase to some extent.
The proportion of business loan applications rejected was unchanged from the previous quarter.
Loans to households
During the third quarter of 2023, the criteria for granting loans to households remained unchanged compared to the second quarter of 2023 (see Chart 1), a development in line with the expectations expressed in the survey of the previous quarter. The overall terms of lending to households also remained unchanged.
Demand for housing loans decreased, due to the end of the subsidized housing program “My Home”, while demand for consumer loans remained almost unchanged (see Chart 2). For the fourth quarter of 2023, the demand for housing loans is expected to remain unchanged, while for consumer loans it is expected to increase.
The criteria for granting housing and consumer loans are expected to remain unchanged during the fourth quarter of 2023.
In the third quarter of 2023, the proportion of mortgage applications rejected was almost unchanged, while the corresponding proportion for consumer loans was unchanged, compared to the previous quarter
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
