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Homeextrajudicial mechanism

extrajudicial mechanism

Sharp increase in loan modifications by Servicers
Highlights

Sharp increase in loan modifications by Servicers

11 February 2026 Editors

The year started with a new record in debt settlements thru the Extrajudicial Mechanism, as 2,554 debt settlements were made in January.

Out-of-court mechanism: Record 82.1% of applications approved – €4.26 billion in debts have been “written off”
News

Out-of-court mechanism: Record 82.1% of applications approved – €4.26 billion in debts have been “written off”

6 August 2025 Phil Karametos

The approval rates per creditor and the reasons for rejection by the debtors

Intrum, QQuant, and DoValue the majority of the arrangements through the Extrajudicial
Featured

Intrum, QQuant, and DoValue the majority of the arrangements through the Extrajudicial

11 June 2025 Editors

Servicers and banks are proceeding with the approval of 3 out of 4 restructuring applications submitted through the Extrajudicial Mechanism.…

Extrajudicial: Red loan arrangements are speeding up – The message from Pierrakakis
Featured

Extrajudicial: Red loan arrangements are speeding up – The message from Pierrakakis

10 June 2025 Phil Karametos

An impressive increase was recorded in May in the initiation of applications to the extrajudicial mechanism, which reached 10,870, more…

Extrajudicial Mechanism: The new bill in Parliament
Editorial

Extrajudicial Mechanism: The new bill in Parliament

31 March 2025 Editors

In the Parliament, the relevant provisions for the new Extrajudicial Mechanism are expected to be submitted within the week, which…

The extrajudicial process is gaining momentum
Highlights

The extrajudicial process is gaining momentum

26 March 2025 Editors

New momentum for the regulation of more and significantly larger debts on loans up to 360,000 euros is now being…

Within the week, the new Extrajudicial Mechanism will be in Parliament
News

Within the week, the new Extrajudicial Mechanism will be in Parliament

17 March 2025 Phil Karametos

One of the first priorities of the new Minister of Finance, K. Pierakakis, this week will be the submission to…

New improvements to the Extrajudicial Mechanism
Featured

New improvements to the Extrajudicial Mechanism

7 March 2025 Phil Karametos

  The economic team of the Government is finalizing the last details of the bill for the improved Extrajudicial Mechanism,…

How much of a haircut the extrajudicial mechanism gives – Debt write offs hit 3.12 bln euros
Featured

How much of a haircut the extrajudicial mechanism gives – Debt write offs hit 3.12 bln euros

24 February 2025 Phil Karametos

  The extrajudicial mechanism has written off debts worth 3.12 billion euros, giving an average haircut of over 30% for…

The profile of settlements in the Extrajudicial Mechanism
Editorial

The profile of settlements in the Extrajudicial Mechanism

15 January 2025 Editors

  According to the data on the progress of the Extrajudicial Mechanism in December 2024, which were made public, in…

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MOST READ

  • Real Estate Acquisition and Leaseback Agency: CRC Emerges as Sole Bidder – Systemic Banks Expected to Join the Scheme 2 June 2026
  • On May 29, the bids for the Property Acquisition and Re-leasing Agency are submitted 27 May 2026
  • The solution for returning loans to the banks 27 May 2026
  • Supreme Court: The decision for the borrowers of Law 3869/2010 has been published 5 June 2026
  • Pierrakakis: The Real Estate Acquisition and Leaseback Agency will be operational by the end of fall 29 May 2026
  • The government’s 5 measures to address the €240 billion in “red” private debt 2 June 2026
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  • Announcement from Intrum’s Extraordinary General Meeting
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  • Housing Market: Price Growth Slows, but Demand Remains Strong
  • New Reading of Supreme Court Ruling: Lower Impact on Servicers and Banks Than Initially Estimated
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Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue ECB Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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