Greece’s Ministry of National Economy and Finance published the August 2025 progress update on the extrajudicial debt settlement mechanism, reporting strong uptake despite August being excluded from statutory time limits for completing the process under Article 16 of Law 4738/2020. The release also summarises banking-sector indicators and the latest results from bilateral loan restructurings with major credit servicers. In August 2025, 1,231 restructurings were concluded for EUR 317m, up 18.5% from August 2024 and 78% from August 2023. New applications reached 3,340 and submissions 2,896, representing increases of 10% and 26% year on year, and 45% and 70% versus August 2023, respectively. Cumulatively through end-August, the mechanism recorded 41,748 successful restructurings covering initial debts of EUR 13.56bn. The General Secretariat’s banking update showed 17.5% of non-performing loans in banks’ portfolios under restructuring in the first half of 2025, with terminated loans averaging 42%, while the Bank of Greece’s NPL ratio fell to 3.57% in Q2 2025 from 3.77% in Q1. For bilateral restructurings with the four largest credit servicers (Intrum, Cepal, DoValue, Qquant), July results totalled EUR 383m across 7,167 debtors. The General Secretariat also referenced nationwide support for users by video call or phone by appointment via the gov.gr platform.
Ministry of National Economy and Finance (Greece) 2025-09-11
Greece’s Ministry of National Economy and Finance reports August out-of-court debt settlements rising to 1,231 worth EUR 317m
Greece’s Ministry of National Economy and Finance reported strong uptake of the extrajudicial debt settlement mechanism in August 2025, despite the month being excluded from statutory time limits. The update highlighted 1,231 restructurings totaling EUR 317m, marking significant increases from previous years, and noted 17.5% of non-performing loans in banks' portfolios under restructuring in the first half of 2025. Bilateral restructurings with major credit servicers reached EUR 383m across 7,167 debtors in July, with nationwide support available via the gov.gr platform.