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Homeextrajudicial mechanism

extrajudicial mechanism

Out of court mechanism: New all-time high for settlements in July
Featured

Out of court mechanism: New all-time high for settlements in July

7 August 2023 Editors

A new historic high was recorded in July by the extrajudicial mechanism. In particular, according to data from the General…

Improvements to be made to extrajudicial mechanism platform
Featured

Improvements to be made to extrajudicial mechanism platform

26 June 2023 Editors

Finance Ministry officials are launching improvements to the out-of-court mechanism in order to continuously increase the arrangements. In particular, sources…

Extrajudicial mechanism: Forecast settlements seen higher at 1.9-2.4 bln euros in coming months
Featured

Extrajudicial mechanism: Forecast settlements seen higher at 1.9-2.4 bln euros in coming months

12 May 2023 Editors

  The improved performance of the extrajudicial mechanism has prompted an upward revision of loan restructuring expected for the next…

Extrajudicial mechanism: The reasons banks and servicers can reject applications
Featured

Extrajudicial mechanism: The reasons banks and servicers can reject applications

22 March 2023 Editors

The Ministry of Finance has published a list of reasons that allow for the ‘eviction’ from the extrajudicial mechanism. As…

Banks and servicers support the extrajudicial mechanism
Featured

Banks and servicers support the extrajudicial mechanism

8 March 2023 Editors

In recent days, debt management companies, banks and the Special Secretariat for Private Debt Management have been in close cooperation…

Haircuts of more than 30% for out-of-court settlements
Featured

Haircuts of more than 30% for out-of-court settlements

8 February 2023 Editors

Banks and Finance Ministry officials are trying to strengthen interest in the out of court mechanism by offering debt haircuts…

Vote of confidence from Prime Minister on the extrajudicial mechanism
Editorial

Vote of confidence from Prime Minister on the extrajudicial mechanism

24 January 2023 Editors

Prime Minister Kyriakos Mitsotakis gave a vote of confidence in the extrajudicial debt settlement mechanism yesterday. During a press conference…

How servicers, banks have performed on restructurings via extrajudicial mechanism
Analysis

How servicers, banks have performed on restructurings via extrajudicial mechanism

21 October 2022 Editors

Finance Minister Christos Staikouras presented in parliament detailed data on the performance of financial institutions on regulating NPLs through the…

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