Greece’s Ministry of National Economy and Finance published a monthly update on the Out-of-Court Debt Settlement Mechanism, reporting a second consecutive month of record outcomes and close to EUR 600 million of debts restructured in November. The release also provided figures on bilateral loan restructurings with major servicers and recent non-performing loan metrics for Greek banks. In November, 2,450 settlements were completed, while cumulative completed settlements since the mechanism launched reached 48,414, corresponding to original debts of EUR 15.26 billion. Vulnerable debtors accounted for 292 settlements in the month, including 29 involving persons with disabilities, and 377 debtors have obtained suspensions of enforcement measures since the mechanism began. Bilateral arrangements in October with the four largest servicers (Intrum, Cepal, DoValue and Qquant) totalled EUR 355 million across 5,300 debtors; the ministry also referenced Bank of Greece data putting the banking sector non-performing loan ratio at 3.4%, and noted that 17% on average of the remaining non-performing exposures at the four systemic banks are under restructuring. The ministry attached the November 2025 progress report for the mechanism, October 2025 servicer restructuring data, and third-quarter 2025 bank non-performing loan statistics.
Ministry of National Economy and Finance (Greece) 2025-12-03
Greece’s Ministry of National Economy and Finance reports record 2,450 out-of-court debt settlements in November totaling nearly EUR 600 million
Greece's Ministry of National Economy and Finance reported a record EUR 600 million in restructured debts through the Out-of-Court Debt Settlement Mechanism in November, with 2,450 settlements completed. Bilateral loan restructurings with major servicers totaled EUR 355 million in October, while the non-performing loan ratio for Greek banks stood at 3.4%. The report highlighted that 17% of non-performing exposures at systemic banks are under restructuring.