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The Finance Ministry has announced that distressed borrowers can submit their applications for the “Estia”, a scheme in place since September in an effort to reduce high non-performing loans, even if they are incomplete or are not accompanied with all the necessary paperwork.The deadline for the application procedure is today, December 31, 2019.Eligible borrowers are those who on end-September 2017 had non-performing loans with their primary residences pledged as collateral. The government will subsidize the approved borrowers with one third …
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