He explained that the amendment was made “in order to facilitate the process of differentiating the terms of concluding these loans”
File photo.
The change to the government plan to subsidize interest rates on housing and business loans, in order to continue to subsidize loans that were restructured due to high interest rates, was announced today by the Minister of Finance, Makis Keravnos.
In statements after the session of the Council of Ministers, Mr. Keravnos stated that as part of the government's policy to continue supporting households and small businesses in terms of securing loans, within the framework of the interest rate subsidy plans, which have been ongoing for two years and remain for another two years, the Council of Ministers today decided to amend the relevant provision regarding the definition of restructuring.
He explained that the amendment was made “to facilitate the process of differentiating the terms of concluding these loans, so that with the increase in interest rates to be able to remain in the existing repayment plans”.
“That is, interest rates and margins to be maintained despite the continuous increase in interest rates”, he said.
