The Hellenic Bank Association announces the decision of its member-banks to extend, due to the continuing adverse effects of the Covid-19 pandemic, the existing measures to strengthen the Greek economy. Taking into account the recent announcements by the supervisory authorities, it is specified that:

• Businesses and individuals with performed loans on 30/9/2020 who have not been included so far in moratoria for capital or instalment payments, will be able, if proven to be affected by the crisis, to apply for their inclusion in a relevant program until 31st March 2021 and for a maximum duration of up to 9 months from the date of accession
• Businesses and individuals affected by the current crisis, who have already been included in moratoria for capital or instalment payments, will be able to apply until 31/3/2021 for an extension of their instalment suspension program, provided that their total stay in the program does not exceed 9 months

At the end of the moratoria, businesses and individuals are expected to continue serving their debt obligations regularly.

Greek banks, are committed to support the Greek economy and taking into account the possibility of coping the temporary liquidity difficulties faced by businesses and individuals. In addition to the moratoria highlighted above, also announce the following:

• Borrowers who have applied and are eligible to join the "Gefyra" program for subsidy of loan instalments with main residence as a collateral, will pay, from the date of the program activation and during the next nine months, only the amount of the instalment attributed to them, while the balance will be covered by the State. Subsequently, they will revert to their contractual instalment payment plan
• Borrowers required to pay as of January 1st, 2021 their standard loan instalment  as defined before the deferral, and are proven to have temporary liquidity difficulties, and while, prior to the current crisis, have consistently covered their loan obligations, will be able to apply for a short-term gradual recovery programme for paying their contractual instalment. Said application will be examined by the competent body of each bank and, in case a temporary liquidity problem is identified, inclusion in this temporary facilitation program will be approved

It should be clarified that, for cases referring to specific economic sectors, for which decision has already been taken by the competent bodies of the banks, their inclusion in a moratorium program for capital instalments expiring beyond 31st December 2020 will continue to apply, in accordance with the conditions already communicated to them.

Finally, banks would like to stress the fact that businesses and individuals not affected by the crisis are expected to continue performing their loan obligations.

For further information, interested parties are urged to contact their bank, by applying a relevant request.