Overdue loans are on a constant rise with respect to both consumer and mortgage loans as well as business loans, according to the figures contained in the Bank of Greece's (BoG) Monetary Policy report released on Tuesday, while the report also predicted zero or negative growth rates in lending to households due to the economic crisis, which has affected both consumers, resulting in reduced demand, and banks, resulting in restricted liquidity for loan extension.

According to the report, the ratio of overdue loans against overall loans rose sharply to 10 percent of the total loans in September 2010 from 7.7 percent in December 2009.

The worst picture is in consumer credit, with overdue loans reaching 18.4 percent in September 2010 from 13.4 percent in December 2009, while the percentage of overdue climbing to over 20 percent in several individual banks.

Overdue mortgage loans rose to 9.7 percent in September 2010 from 7.4 percent in December 2009, while overdue business loans rose to 8.5 percent in September 2010 from 6.7 percent in December 2009.