Greece's Ministry of National Economy and Finance has published a monthly progress update on the out-of-court debt settlement mechanism, reporting 2,205 new restructurings in May covering original debts of EUR 564m, up 65% from May 2025. The increase was attributed to the new legal framework and broader eligibility conditions, while application starts rose to 5,967, final submissions reached 3,128 and 569 cases were fully completed after eligibility checks. Since the platform launched, 60,395 restructurings have been completed successfully, covering original debts of EUR 18.65bn. Economically vulnerable debtors and persons with disabilities accounted for 10% of May settlements, and 560 debtors have secured a suspension of enforcement measures since the mechanism began. Separate data cited by the ministry show that the four largest servicers completed bilateral loan restructurings worth EUR 205m for 2,980 debtors in April, mainly mortgages, while first quarter 2026 data from systemic banks showed almost 50% of non-performing loans were terminated and almost 15% were under restructuring.
Ministry of National Economy and Finance (Greece)2026-06-10
Greece's Ministry of National Economy and Finance reports 2,205 new out-of-court debt settlements in May up 65%
Greece’s Ministry of National Economy and Finance reported 2,205 new out-of-court debt restructurings in May, covering EUR 564m, a 65% increase from May 2025, driven by a new legal framework. Since launch, the mechanism has completed 60,395 restructurings totalling EUR 18.65bn, with economically vulnerable debtors and persons with disabilities representing 10% of May settlements and 560 debtors securing enforcement suspensions. The ministry added that the four largest servicers completed EUR 205m of bilateral restructurings in April and that, in Q1 2026, systemic banks terminated almost 50% of non-performing loans and restructured almost 15%.