2023-09-12 08:45:08
It is estimated that they amount to 1-1.5 billion euros loans of Greek banks in its region Thessalypart of which is estimated to be suspended due to the direct or indirect damage caused by bad weather “Daniel”.
As announced by Hellenic Association of Banksthe banks will support in every possible way businesses and households that have been affected by the catastrophic natural phenomena of the last two months (fires and floods), while the measures will be specified directly by EET and each member separately.
In addition to the four systemic banks, dominated by Piraeus Bank due to its connection with the agricultural economy, two cooperative banks, Thessalia and Karditsa, have a presence in the region, with loans of 318 and 138 million euros respectively.
The effects can be direct or indirect and affect not only the companies that have their headquarters or facilities in Thessaly, but also those that procure raw materials or depend on the region for their production activity. For this reason, the exercise of which businesses are affected is expected to be difficult and the measures that will be taken should be specified in the coming days with suspensions of payments of loan obligations, but also measures for the reconstruction of infrastructure and production when the conditions in the allow.
At the same time, tens of millions are estimated to be the damages that the insurance companies, which have started accepting the first requests, will be asked to pay. These are requests from large companies, but also requests for compensation for I.X. or rural that have been destroyed. Based on the data, the total number of insured vehicles of all categories in Thessaly reaches approximately 355,000, but the question is whether all of these vehicles had natural disaster insurance, which is additional coverage and not all vehicles have it.
According to information, claims for compensation already submitted to major insurance companies exceed those from the Mati fire, which – along with Janos – was one of the costliest incidents on record in recent years, with total insurance compensations of 61 million euros for 3,500 incidents.
Storm Daniel is expected to cause multiples of the damage – up to three times as much, according to some estimates – but the final extent, of course, cannot yet be determined, to the extent that many businesses or homes are not even accessible for the time being, so that the expert opinion can begin. The blow is significant for large industrial enterprises with manufacturing facilities or tourism businesses in the affected areas, the majority of which are insured against risks from natural disasters, while some also had cover for loss of profits.
On the contrary, it is small animal or plant production enterprises that are uninsured, but also commercial enterprises that also do not have insurance coverage.
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