All the new rules for non-performing loans: Timelines and procedures under the new draft law
The new bill provides for stricter supervision of servicers, digital recording of negotiations, a six-month deadline for restructuring, suspension of interest in cases of violations, and enhanced protection for debtors against foreclosures and seizures by creditors
Out-of-court mechanism: 81% increase in arrangements with 2,500 vulnerable families benefiting
More than 28,000 arrangements for debts of €9.49 billion since the launch of the mechanism - Historic low in non-performing loans with an index of 4.6% in 2024
Greek government and banks agree for protection of main residence
The new legal framework will be introduced to parliament