The precise terms of lending from the bank, Marfin Egnatia Bank to Vatopedi Monastery will be requested tomorrow, by the Parliamentary Committee of Inquiry, following the proposal made by the head of New Democracy’s MP’s, Nick Dendias to the Commission.
The property bought by the monastery in Kifissias for 6 million euro’s seems to be supported by an equivalent loan from Marfin. The purchase of this property appears to have been done by the company TORCASO.
That even the weather was normal. The banks pay 70%, 80%. Here Marfin, gives 100% in a single. It would be wise to ask us a letter if it has any additional guarantee or letter of recommendation to pay the alleged loan equivalent value of the property “said Mr Dendias.
Mr. Dendias, says that “Even under the best of times, this is not common. The banks pay 70%, 80%. Here Marfin, gives 100% to a monastery. It would be wise to ask them, if they got any further guarantee, or a letter of recommendation, in order to be given the equivalent value of the property.”
“Keep in mind that the objective value of the property is 50% of the market value, as shown in the contract, which is also unusual. What guarantees did the banck take on this, bearing in mind that the TORCASO was formerly of off-balance and consequently neither has, nor depreciation of fixed assets, or any other way is to check the values … ‘ Mr. Dendias added.
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