Levy under Law 128/75

Levy of Law 128/75 is collected by the banks and other responsible entities and is transferred through a statutory procedure to the special account for this purpose which is part of the Single Treasury Account. For this purpose, the responsible entities submit to the Government Financial Operations Department –Section of Central Administration Accounts duly signed documents.

Refunds for interest charges for subsidized loans are paid through this account, in accordance with the respective Ministerial Decisions. Applications for subsidies are submitted to the Bank of Greece, taking into account the provisions of the relevant Ministerial Decisions.

For queries concerning the implementation or interpretation of the provisions of Law 128/75, or of the relevant Ministerial Decisions, interested parties should contact the competent Services of the Financial Policy Directorate of the Ministry of National Economy and Finance.

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