Greece’s Ministry of National Economy and Finance published updated performance data on the out-of-court debt settlement mechanism, reporting 43,533 successful settlements covering EUR 14.08bn of original debts by end-September and an overall approval rate of 79%. September activity included 6,513 new application initiations, 2,955 new submissions and 1,789 new settlements totalling EUR 524.4m. The ministry linked the sustained pace of settlements to the introduction of mandatory inclusion for eligible debtors under expanded criteria, noting the average monthly volume of settlements is up 28% versus the period before mandatory participation. The update also highlighted 326 successful settlements for vulnerable groups in September, including 20 involving persons with disabilities, and 299 debtors using a prepayment measure to suspend auctions; it additionally referenced Bank of Greece data showing the non-performing loans ratio at a new historic low of 3.4% at the end of the first half of 2025. Separately, the ministry relayed industry data indicating loan arrangements and restructurings by servicers totalled EUR 3.2bn in the first half of 2025, and that August bilateral restructurings with four large credit servicers (Intrum, Cepal, DoValue and Qquant) amounted to EUR 190m across 3,144 debtors.
Ministry of National Economy and Finance (Greece) 2025-10-08
Greece’s Ministry of National Economy and Finance reports 43,533 out-of-court debt settlements totalling EUR 14.08bn and a 79% approval rate
Greece’s Ministry of National Economy and Finance reported 43,533 successful out-of-court debt settlements totaling EUR 14.08bn by end-September, with a 79% approval rate. The ministry attributed the increased settlement pace to mandatory inclusion for eligible debtors, noting a 28% rise in average monthly settlements. Additionally, the non-performing loans ratio reached a historic low of 3.4% by mid-2025, while loan restructurings by servicers totaled EUR 3.2bn in the first half.