BUSINESS

Bank deposit seizures skyrocket

TAGS: Economy

The number of orders received by banks to seize deposits belonging to customers with outstanding debts to the state has skyrocketed to an average of around 1,000 a day, bank data showed on Tuesday.

The average number of seizures that are actually carried out – meaning that depositors have enough cash in their accounts for the orders to be executed – came to 28,000 in March from 22,000 in December and February, 15,000 in January, 1,700 in November and 1,800 in October.

Meanwhile, data showed that outstanding debts to the state have increased to reach 87 billion euros.

Online