Records Records made 10 creditors (management companies and banks) in July with the largest number applicationsas evidenced by the individual elements of his progress report out -of -court mechanism which was released yesterday (5.8.2025) by the Ministry of Finance.
The approvals in the applications received through the out -of -court platform, 10 creditors with the highest number of applications, reached 82.1%, with the highest validity rates recorded by Intrum (93%), Quant (92%) and ATE (92%). Dovalue followed 91%, with 88% Veraltis, with 84% Eurobank, with 83% Cepal, with 77% Piraeus Bank, with 67% Alpha Bank and the National Bank with 54%.
29.7% of total debts (corresponding to a € 3.65 billion debt) was rejected by the funding entities on the grounds of inadequate financial ability to serve the regulation. 13.5% was “another” as a justification (€ 1.66 billion), while 8.5% (€ 1.05 billion) was rejected because it was considered that the out -of -court mechanism was not the appropriate tool for regulating the debt due to its amount or nature.
The above were the three reasons for the rejection of the highest amounts of debt, while other reasons for rejection of regulation applications were e.g. The debtor’s anti -inflammatory behavior, default of regulations that had been agreed, not involvement of all involved (co -guarantors, guarantors) and more.
The “invalid” in proposed arrangements were also given by the debtors. Debtors’ discharges were 24% in multilateral arrangements and 25% in bilaterals. 64.7% of the proposed arrangements rejected by debtors have no reason, while 20.5% of the proposed arrangements rejected by debtors are attributed to “inability to serve”. In bilateral arrangements, 81.1% of debtors who dismissed the regulation have not made a reason, while about 6.2% evaluated the application as non -advantageous.
It is noted that in July they were submitted to the electronic platform of the out -of -court 8,668 vulnerable applications with 6,120 being complete. 4,440 applications were successful, of which 186 are disabled.
In total, 607 applications had been submitted, at various stages, using the advance measure. The 465s have completed the cycle and the 263 had a positive outcome, that is, the debtors were able to suspend the auction.
The arrangements made in July by the out -of -court platform gave 15% average haircut for public debts and 30% to financial institutions. It is noted that 49% of the funding regulations (based on debt) received a haircut of more than 30%. The total amount of debts deleted by the out -of -court mechanism amounted to 4.26 billion. euro.
As announced yesterday, the out -of -court platform had adjusted by the end of July initial debts of € 13.25 billion, through 40,515 arrangements. The flow of applications and submissions remained stable, despite the summer, with 6,500 new applications and 4,600 submissions only in July. In the same month, 1,949 new arrangements were made, with initial debts exceeding EUR 540 million.