Supreme Court ruling alters interest calculation for Katselis law loans, impacting banks and borrowers in Greece

naftemporiki.gr (Greek)

A Supreme Court ruling changes how interest is calculated on certain loans, potentially leading to refunds for borrowers. The decision mandates that interest on loans under the Katselis law be calculated based on the monthly installment, not the total debt. This could mean significant savings for borrowers and a financial impact on banks. The ruling affects approximately 50,000 households with loans totaling around 5 billion euros, and could impact public guarantees on securitized loans.


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Supreme Court ruling alters interest calculation for Katselis law loans, impacting banks and borrowers in Greece | News Minimalist