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Homeout-of-court mechanism

out-of-court mechanism

In the Out-of-Court Mechanism, the debts of Municipalities
News

In the Out-of-Court Mechanism, the debts of Municipalities

15 January 2026 Phil Karametos

A relevant provision included in a bill from the Ministry of Interior offers a solution to debts owed to municipalities, which can now be settled thru the

Borrowers prefer bilateral arrangements with Servicers
Highlights

Borrowers prefer bilateral arrangements with Servicers

5 January 2026 Phil Karametos

According to Ministry of Finance data, debtors clearly prefer bilateral arrangements over the out-of-court mechanism.

Out-of-court mechanism: The 5 steps for debt relief and instalments 
News

Out-of-court mechanism: The 5 steps for debt relief and instalments 

17 November 2025 Phil Karametos

The process for rescuing debtors through the out-of-court mechanism can be summarised in five basic steps

Out-of-court mechanism: More than 30% haircut for 1 in 2 debt settlements with banks – servicers
News

Out-of-court mechanism: More than 30% haircut for 1 in 2 debt settlements with banks – servicers

12 September 2025 Phil Karametos

The out-of-court mechanism is picking up speed, with the new arrangements reached in August amounting to 1,231 and involving debts of €317 million

Over 1,200 loan restructurings completed via out-of-court mechanism in October
News

Over 1,200 loan restructurings completed via out-of-court mechanism in October

3 November 2023 Editors

In October 2023, the monthly debt settlements in the extrajudicial mechanism reached a new historical high, exceeding 1,200, while the…

Improvements to the out of court mechanism – What changes will apply
Featured

Improvements to the out of court mechanism – What changes will apply

16 February 2023 Editors

The government, in consultation with banks and loan management companies, is carrying out improvements to the out-of-court mechanism, in order…

Out-of-court mechanism: Interest rate on loan restructurings reduced
Featured

Out-of-court mechanism: Interest rate on loan restructurings reduced

10 February 2023 Editors

Finance Minister Christos Staikouras announced a legislative initiative to improve the out-of-court mechanism and speed up debt settlements yesterday from…

Three critical changes to out of court mechanism
Featured

Three critical changes to out of court mechanism

20 December 2022 Editors

Three changes are in the pipeworks for the out-of-court debt settlement mechanism that have been prepared in talks between parties…

How much did the out-of-court mechanism cost banks and servicers?
Buzz Talk

How much did the out-of-court mechanism cost banks and servicers?

25 October 2022 Editors

Expensive investments on the part of both the banks and the servicers were required to prepare the out-of-court mechanism. As…

Debt settlements: limited interest for out-of-court mechanism
Featured

Debt settlements: limited interest for out-of-court mechanism

11 July 2022 Phil Karametos

The road to final settlement through the process of the out-of-court mechanism is pending for 5,600 private and business loans…

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MOST READ

  • Cairo Mezz Plc: Proceeds with the sale of part of its loan portfolio 9 January 2026
  • The sale of Cairo III will be finalized in early February 12 January 2026
  • Source: Eurokinissi EFKA: Collection of insurance debts exceeding €50 billion in private hands 7 January 2026
  • Intrum announces sale of portfolios for EUR 215m, above book value 12 January 2026
  • In the first half of 2026, the international competition for insurance debts 14 January 2026
  • The European Court of Justice will decide on penalties for servicers 8 January 2026
News Tags Comments
  • In the Out-of-Court Mechanism, the debts of Municipalities
  • In the first half of 2026, the international competition for insurance debts
  • 12.005 auctions were posted for 2026
  • Scope for European Banks: Bad Loans and Risks
  • Intrum announces sale of portfolios for EUR 215m, above book value
  • The sale of Cairo III will be finalized in early February
  • When will the new platform for auction appeals go live?
  • Cairo Mezz Plc: Proceeds with the sale of part of its loan portfolio
  • Tzirakian: New 4-year loan repayment plan with Piraeus Bank and doValue
  • The European Court of Justice will decide on penalties for servicers
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank extrajudicial mechanism HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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