Piraeus Bank becomes the first Greek systemic bank to freeze mortgage linked interest rates
Piraeus Bank becomes the first Greek systemic bank to freeze mortgage linked interest rates
  Listed  |  Economy  |  Greece

Piraeus Bank becomes the first Greek systemic bank to freeze mortgage linked interest rates

The program refers current mortgage loans of individuals that had already been disbursed by 31.12.22 and will be implemented from the beginning of May 2023.
Share Copy Link
RE+D magazine
11.04.2023
Piraeus Bank, responding to the issue of the heavy burden on family income due to the rise in international interest rates and the broader inflationary pressures, is proceeding with the implementation of a new program to reward borrowers with current mortgages of variable interest rates, regardless duration and currency.

With this program, Piraeus Bank protects consistent households from possible further future increases in the base interest rates of their housing loans (Euribor, Libor, MRO EKT etc.). 

In any case, the vast majority of borrowers with housing loans in Greece were and remain consistent in servicing their liabilities, making an effort to adapt to the new conditions.

The program refers current mortgage loans of individuals that had already been disbursed by 31.12.22 and will be implemented from the beginning of May 2023.

ΔΑΝΕΙΑ ΤΡΑΠΕΖΑ ΠΕΙΡΑΙΩΣ