Record Debt Restructurings in March, Non-Performing Loans Hit Two-Decade Low

Greece recorded its highest-ever monthly total of out-of-court debt restructurings in March, with 2,879 agreements reached covering obligations of approximately 982 million euros, authorities said.

Of those, 650 were concluded under a law that expanded eligibility criteria, requiring creditors to submit mandatory restructuring proposals. Officials said the legislative changes have significantly strengthened debtor protections, enabling more individuals to reach settlements.

New case filings also reached a six-month high of 6,674, while applications submitted during the month climbed to 3,782, a marked increase from the two preceding months.

Since the mechanism’s launch, a cumulative total of 58,212 restructurings have been completed, corresponding to original debt of 18.08 billion euros.

Vulnerable Households

In March, 262 restructurings were finalized for economically vulnerable debtors, including 18 involving persons with disabilities. Since the program’s inception, 505 debtors have secured a suspension of enforcement measures, providing effective protection for their assets and primary residences.

Bilateral Agreements

Bilateral loan restructurings with Greece’s four largest servicers — Intrum, Cepal, DoValue and Qquant — also maintained momentum. In February 2026, agreements totaling 254 million euros were recorded, covering 3,641 debtors.

Non-Performing Loans

Greece’s non-performing loan ratio fell further to 3.3% as of December 2025, according to the latest data published by the Bank of Greece — the lowest level recorded since 2002.

Source: tovima.com