The Bank of Greece (BoG) on Tuesday announced that the nominal value of loans allocated to the private sector and serviced by domestic Credit Servicing Firms (CSFs) decreased by 1.72 billion euros in the fourth quarter of 2023.
The total value of these types of loans decreased to 69.46 billion euros by 4Q 2023, down from 71.18 billion euros in the previous quarter.
According to the central bank, a change in the methodology now employed, aimed at harmonizing statistical and relevant supervisory data, means the figure cannot be compared with the same quarter of 2022, as the nominal value of loans calculated for the latter did not include off-balance sheet interest and the amounts of write-offs and write-downs of loans made by the credit institutions that transferred the loan portfolio.
Meanwhile, the nominal value of serviced corporate loans decreased to 22.84 billion euros in the fourth quarter of 2023, down from 23.95 billion euros in the previous quarter.
The nominal value of loans allocated to sole proprietors, farmers and unincorporated partnerships and serviced by CSFs decreased by 542 million euros in the same quarter, and totaled 9.051 billion euros at the end of the fourth quarter of 2023.
Source: tovima.com
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