Loans managed in Greece have edged lower, with the total nominal value dropping to €79.59 billion by the end of the first quarter of 2026, as reported by the Bank of Greece.
- Loans managed in Greece have edged lower, with the total nominal value dropping to €79.59 billion by the end of the first quarter of 2026, as reported by the Bank of Greece.
- Of this figure, financing provided to small and medium-sized enterprises (SMEs) accounted for €9.64 billion, highlighting the importance of such businesses in the overall economic landscape.
This decline of €118 million reflects a decrease compared to the €79.71 billion recorded at the end of the previous quarter. The loans in question are primarily associated with Greece’s domestic private sector and involve credit servicing companies managing these assets on behalf of specialised financial institutions abroad.
Loans managed: A Closer Look at Business Loans
Among the various categories of managed loans, business loans constitute a significant portion. Their nominal value decreased to €27.8 billion at the end of the first quarter, down from €27.86 billion three months prior. A closer examination reveals that loans granted to non-financial corporations saw a decrease of €40 million, resulting in a total of €27.79 billion.
Of this figure, financing provided to small and medium-sized enterprises (SMEs) accounted for €9.64 billion, highlighting the importance of such businesses in the overall economic landscape.
Trends in Other Loan Categories
Loans to other financial institutions represent a minor part of the overall portfolios, dropping to a nominal value of only €1 million by the quarter’s end. The category that includes self-employed professionals, farmers, and sole proprietorships also faced a decline, with managed loans falling by €35 million to €10.09 billion.
Household loans and those extended to private non-profit institutions displayed a more tempered decrease, with a nominal value drop of €13 million, bringing the total to €41.70 billion. However, within this segment, contrasting trends emerged.
Consumer Loans on the Rise
Notably, managed consumer loans rose by €45 million during the quarter, reaching a total value of €16.242 billion. This increase in consumer lending contrasts with the persistent decline in housing loans, which fell by €50 million to €25.133 billion.
Implications for Greece’s Loan Market
The latest figures suggest that while the overall stock of loans managed by servicers in Greece remains relatively stable, the reductions in both business and mortgage portfolios have outweighed the growth in consumer lending. This phenomenon indicates a gradual adjustment within the country’s non-performing loan market, as evidenced by the overall decline in the value of assets under management.
