COVID-19: Measures by doValue Greece to Support Households and Businesses
doValue is managing the largest portfolio of non-performing loans in Greece.
Aiming to serve and facilitate borrowers to withstand the impact of the pandemic, we have taken a number of measures since the onset of the crisis.
€1.8 billion in debt arrangements
doValue has taken a number of measures to support Greek households and businesses in this difficult juncture.
Since the beginning of 2020 and until the end of October, it had made debt arrangements amounting to €1.8 billion for more than 43,000 loans from all the portfolios under management. Of these arrangements:
- €1.6 billion correspond to loans extended to individuals – households (88%).
- €200 million correspond to business loans, mainly extended to small and medium sized companies (12%).
- 7,000 loans were settled through debt relief solutions.
Moratorium on loan payments
Especially for households and companies affected by the COVID-19 pandemic crisis, we implemented a moratorium on loan payments. Specifically, a moratorium was imposed on 86,000 loans.
At the same time, approximately 50,000 borrowers with more than 52,000 loans joined the Greek State’s Bridge Programme. This way, they benefit from a state subsidy on their loan instalments, provided the main residence is the mortgage collateral.
New Bridge Programme 2
We continue to serve and facilitate borrowers affected by the COVID-19 pandemic crisis.
We are participating in the new Bridge Programme 2 of the Greek State for subsidised business loan instalments for companies and individuals (self-employed professionals, partners in private companies).
Loans may be performing or non-performing.
Find out more in the Press Release dated 10/11/2020.
“Fully aware of the difficulties the economy and society are facing, we continue to provide support by all available means and with viable initiatives and solutions.”
