The percentage of applications for the Estia Plan that have not been rejected rose to 39%, the head of the Estia Plan at the Ministry of Labor, Welfare and Social Insurance, Marios Savvidis, told KYPE, expressing the assessment that with the completion of the examination of all objections have been submitted, this percentage will increase and rise to around 45% to 50%.
At the same time, he stated that 2.470 objections have been submitted for the rejection of their application, of which 543 have been approved so far. He noted that a total of 1.455 applicants for the Plan received a response to their objection.
Specifically, Mr. Savvidis said that out of the total of 6.398 applications submitted, 922 have been approved, another 814 applications relate to special cases (ineligible, unsustainable), and have been sent to the Ministry of Finance, while 2.712 have been rejected and withdrawn. 92.
He also stated that the unfinished applications amount to 1.858, while 4.448 are complete applications and noted that the percentage of applications that have not been rejected in relation to the complete applications is 39%.
"With the completion of the examination of the objections and the re-examination of the pending objections, this percentage, which currently amounts to 39%, will increase and is expected to rise between 45% and 50%," he underlined.
At 2.470 the objections for the rejection of the applications for the Home
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In addition, the head of the Estia Plan told KYPE that 2.470 objections have been submitted, of which 543 applicants have received approval of their objection and will be re-examined, while for 912 the objection was rejected. He noted that a total of 1.455 received a response to their objection.
He added that 696 objections are in the process of being answered, while the examination of 319 objections is pending.
Regarding the 543 objections that have been approved, Mr. Savvidis said that 27% of the approved objections have been rejected again.
In particular, he stated that out of the 543 objections that have been approved, 289 have been re-examined, of which 113 received final approval, 97 were sent to the Ministry of Finance and for 79 applicants their application was rejected (27% of the total approved objections).
At 103 loan applications before September 30, 2017
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In relation to the decision of the Council of Ministers on February 9, 2022 to identify the loans that were restructured before September 30, 2017 and for which a small installment was initially paid by the borrower, which then increased, Mr. Savvidis told KYPE that after data submitted to the Ministry of Labor by the banks, 103 applications emerged, adding that despite the fact that initially the specific applicants received a letter rejecting their application for Home, they will receive approval after the decision of the Council of Ministers.
It is noted that the Estia Plan concerned Credit Facilities (Loans) that were at 30 September 2017 Non-performing Credit Facilities within the meaning of the definition given in the Plan.
The Estia Plan, in which applicants who meet specific income and property criteria were eligible, aimed to protect the first home and alleviate the problem of non-performing loans in the Cypriot banking system.
KYPE