Greece's Ministry of National Economy and Finance issued a press statement setting out measures it says are already in place to reduce bank transaction charges, expand the use of the IRIS payment scheme, strengthen the out-of-court debt settlement mechanism, and impose clearer conduct and transparency obligations on loan servicers. On fees, it pointed to the abolition of charges for ATM withdrawals within the DIAS system and a national cap of EUR 1.50 on other out-of-network ATM charges, alongside an increase in the charge-free threshold for small retail transactions to EUR 20 from EUR 10. For IRIS, daily limits were raised to EUR 1,000 split between EUR 500 person-to-person and EUR 500 person-to-business, with transfers described as free for citizens and cheaper for businesses. On debt workouts, the statement highlighted creditor obligations to submit restructuring proposals to vulnerable borrowers, the doubling of income and asset criteria under Law 5193/2025 which it said expanded coverage twelvefold, and a requirement for banks to make a proposal three months ahead of a foreclosure auction, with the Greek State submitting its own proposal if the bank does not. For servicers, it referenced rules requiring compliance mechanisms aligned with legislation and the Bank of Greece Code of Conduct, complaint recording and handling, and borrower information via a web banking-style digital platform, alongside requirements on personal data protection, a ban on harassment, and written notice following each loan transfer. IRIS acceptance is set to become mandatory in all shops from 1 November 2025. On Swiss franc-denominated loans, the ministry noted that 33% of such loans have already been repaid, representing 60% of the total amount, and said it is working on solutions without detailing specific measures.

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