Subsidy Solution Considered for Swiss Franc Loans

The Ministry of Finance is considering a subsidy solution for loans in Swiss francs, aiming to alleviate the burden on borrowers.

Discussions on the matter are being held under the Minister Mr. Kyriakos Pierrakakis and his staff, with the participation of banks and servicers managing these loans.

The goal is to avoid creating a "hole" in "Hercules", which could trigger government guarantees.

Loans in Swiss francs that have been securitized and are in "Hercules" are estimated to be slightly below 5 billion euros.