{"id":1203,"date":"2024-12-16T12:00:28","date_gmt":"2024-12-16T12:00:28","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2024\/12\/16\/measures-on-banks-to-apply-as-of-mid-january\/"},"modified":"2024-12-16T12:00:28","modified_gmt":"2024-12-16T12:00:28","slug":"measures-on-banks-to-apply-as-of-mid-january","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2024\/12\/16\/measures-on-banks-to-apply-as-of-mid-january\/","title":{"rendered":"Measures on banks to apply as of mid-January"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1256441\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/12\/Hatzidakis_Petralias_Intime-320x200.jpg?v=1734347380\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/12\/Hatzidakis_Petralias_Intime.jpg?v=1734347380\" alt=\"Measures on banks to apply as of mid-January\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/12\/Hatzidakis_Petralias_Intime.jpg?v=1734347380\"\/><br \/>\n                        <\/source><\/picture>\n<p>[InTime News]<\/p>\n<\/p><\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>National Economy and Finance Minister Kostis Hatzidakis detailed on Monday the government measures announced by Prime Minister Kyriakos Mitsotakis to regulate bank charges and practices, as well as reward high-risk professions.<\/p>\n<p>Hatzidakis emphasized that while the government does not possess a \u201cmagic wand,\u201d it has worked diligently to achieve a significant reduction in bad loans. The administration, he said, will continue implementing policies that support both the credit system and society at large. He clarified that the economic measures unveiled on Sunday during the conclusion of the 2025 budget debate in Parliament will take effect in mid-January.<\/p>\n<h3>Measures for banks<\/h3>\n<p>Hatzidakis addressed the specifics of the banking measures, rejecting opposition calls for a tax on bank profits, arguing that it would disrupt market dynamics. The measures include:<\/p>\n<ul style=\"list-style-type: circle;\">\n<li>Zero fees for bill payments: This applies to both standing and non-standing orders, covering payments to social security funds, municipalities, utility companies, and insurance providers. Banks are expected to absorb an annual cost of \u20ac35 million, benefiting citizens.<\/li>\n<li>Capped money transfer costs: Transfers up to \u20ac5,000 between banks will cost no more than \u20ac0.50, reducing fees by 50-80%, depending on the bank. This applies to individuals and freelancers, excluding companies.<\/li>\n<li>Higher transaction limits via IRIS: The daily transaction limit will increase to \u20ac1,000. Separate caps of \u20ac500 will apply to transactions between individuals and freelancers. Changes will be phased in over three to six months.<\/li>\n<li>Reduced card transaction fees: Fees for small retail purchases up to \u20ac20 will be halved.<\/li>\n<li>Zero fees for prepaid card loading: Prepaid card loading up to \u20ac100 will no longer incur charges (previously around \u20ac1).<\/li>\n<li>Doubling of ENFIA for vacant properties: Banks and servicers that fail to lease vacant residential properties by December 31, 2025, will face a 100% increase in the Single Property Tax (ENFIA). The measure aims to address housing shortages and is estimated to cost banks \u20ac10-20 million.<\/li>\n<li>Transparency in rates and charges: The Bank of Greece will publish data on deposit interest rates, loan rates, and bank fees starting January.<\/li>\n<li>Expanded loan issuance by non-bank institutions: Non-bank entities will be allowed to issue loans like traditional banks, fostering competition in consumer, housing, and business lending.<\/li>\n<li>Voluntary contributions by banks: Systemic banks will provide \u20ac200 million \u2013 \u20ac100 million for the \u201cMarietta Giannakou\u201d school reconstruction program and another \u20ac100 million for the Real Estate Acquisition and Leaseback Agency to support vulnerable debtors.<\/li>\n<\/ul>\n<h3>Support for high-risk professions<\/h3>\n<p>Hatzidakis announced the introduction of a hazardous labor allowance for 150,000 members of the Hellenic Police, Fire Department, Coast Guard, and Armed Forces. Starting July 1, 2025, this measure will cost \u20ac184 million annually, plus employer contributions.<\/p>\n<h3>Free medicines for low-income pensioners<\/h3>\n<p>From 2025, approximately 310,000 low-income pensioners eligible for EKAS will receive medicines free of charge, eliminating all co-payments.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1256441\/measures-on-banks-to-apply-as-of-mid-january\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[InTime News] National Economy and Finance Minister Kostis Hatzidakis detailed on Monday the government measures announced by Prime Minister Kyriakos Mitsotakis to regulate bank charges and practices, as well as reward high-risk professions. Hatzidakis emphasized that while the government does not possess a \u201cmagic wand,\u201d it has worked diligently to achieve a significant reduction in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Measures on banks to apply as of mid-January\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2024\/12\/16\/measures-on-banks-to-apply-as-of-mid-january\/#more-1203\" aria-label=\"Read more about Measures on banks to apply as of mid-January\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/12\/Hatzidakis_Petralias_Intime.jpg?v=1734347380","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-1203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/1203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=1203"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/1203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/1204"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=1203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=1203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=1203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}