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Greek Banks See Quadrupling of Housing Loans by Next Year

Greek banker Theodoros Kalantonis, who has survived the worst of times the past six years, said he can finally see the resurrection of home lending.

Next year “will be a turning point for the Greek mortgage market,” Kalantonis, executive general manager of retail products and non-performing loans at Alpha Bank A.E., said in an interview from his Athens office. “People will realize prices won’t fall any further, latent demand will continue to increase and banks will be more active in promoting new loans.”