Filenews 6 February 2026 - by Charalambos Zakos
KEDIPES presented last Tuesday the financial and other developments concerning the course of its operations during the second half of 2025.
Among the elements raised in the presentation, a special and socially important fact emerged, which concerns the composition of the loan portfolio managed by the organization, but also the people who finally proceed with the repayment of old loan obligations.
During the presentation of the results and the discussion that followed with KEDIPES executives, it became clear that a significant number of repayments are not made by the borrowers themselves, but by their children. These are cases where parents, due to advanced age and limited financial capabilities, are unable to meet their loan obligations, with the result that their children come forward and take on the burden of the in order to protect family property, especially the primary residence.
Children take care
According to the data recorded, the average age of borrowers whose loans are under the management of KEDIPES is 60 years. This age profile makes it particularly difficult to find additional financial resources, as people close to or within retirement age are considered by high-risk financial institutions and do not have access to new borrowing. In many cases, their incomes are limited to pensions or low or no other earnings, which makes it practically impossible to service old loan obligations without support from their family or friends.
In this context, the role of children emerges as crucial. These are mainly working younger people, who have greater access to liquidity or the ability to raise capital and choose to take responsibility for repaying their parents' loans, in order to avoid foreclosures, especially of their parents' home, but also lengthy court proceedings, which bring with them stress for their already psychologically burdened parents.
The positive thing in the whole context of foreclosures and the stress caused to citizens who, although they want to repay, objectively cannot, is that this difficulty has at least been recognized by KEDIPES itself, which proceeded to implement plans that offer significant discounts for immediate repayment.
These plans concern non-performing and performing loans and seem to have acted as an incentive for the final settlement of debts, with the contribution of the borrowers' children, at least for those who can or have the resources to help their parents, relatives and friends, or even on the basis of financing from banking organizations.
What are the two plans?
In particular, a plan for the full repayment of loans is implemented with the payment of an amount calculated with a significant percentage discount on the market value of the mortgaged home. The plan concerns borrowers with loans secured by a primary residence with a market value of up to €350,000, which were and remain non-performing.
It is noted that within 2025, loans with balances approaching €300 million have been settled, through doValue, which manages the specific portfolio of KEDIPES. At the same time, from July 2025, a new plan was announced, based on the same philosophy, which provides the possibility of full repayment of restructured and performing debts with a significant discount on the balance.
According to KEDIPES, the interest was particularly strong and the response exceeded the initial estimates. The plan will continue in 2026, as part of the organization's business plan, contributing both to the reduction of the overall loan portfolio and to the facilitation of families who, with the support of the younger generation, are trying to close financial pending issues of the past once and for all.
