The month of March recorded the most settlements ever achieved through extralegal proceedings, during which 2,879 settlements amounting to €982 million of debts were made. 650 of these were made on the basis of Law 5193/2025, i.e., with the expanded eligibility criteria in terms of the mandatory proposal of arrangement by creditors. The relevant legislative improvements, such as this one, have significantly strengthened the framework of protection of debtors, enabling more of them to proceed with the settlement of their debts.

At the same time, the number of new application initiations reached a six-month high, reaching 6,674. There was also a significant increase in the number of applications submitted, compared to the previous two months, which reached 3,782.

Since the launch of the Mechanism, 58,212 arrangements have been completed to date, corresponding to initial debts of €18.08 billion.

Social protection – Arrangements for the vulnerable and disabled

Particularly encouraging is the participation of economically vulnerable households. In the month of March, 262 arrangements for financially vulnerable debtors were completed, of which 18 were for persons with disabilities (PWD). At the same time, since the beginning of the mechanism, 505 debtors have achieved suspension of enforcement measures, ensuring effective protection of their property and main residence.

Partial Arrangements with Financial Institutions

Bilateral loan arrangements with the 4 largest Servicers (Intrum, Cepal, DoValue, Qquant) continue to show increased momentum. In the month of February 2026, arrangements totalling EUR 254 million were recorded, attributable to 3,641 debtors.

Bankers’ Media

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A further decline in the banks’ non-performing loan ratio to 3.3% was shown in the latest data (Dec 2025) published by the Bank of Greece. This is the lowest rate since 2002.

Citizen Service – myEGDIXlive

In Q1 2026, myEGDIXlive made 12,529 appointments with debtors, 1,000 more than in Q1 2025. Of these, 8,501 appointments were related to the out-of-court debt settlement mechanism. The overall satisfaction of citizens with the service provided by the representatives of the General Secretariat for Financial Sector and Private Debt Management through myEGDIXlive is recorded at 96.8%, as completely and very satisfactory.

Finally, it is recalled that, interested parties can make an appointment either through the myEGDIXlive platform or by calling 213.212.5730.