Last updated: 11 November 2026 (October 2026 Report)
On this page we present, each month, the key figures from the Progress Reports on the Out-of-Court Debt Settlement Mechanism under Law 4738/2020, published by the General Secretariat for Financial Sector and Private Debt Management. Each month's figures are shown as published in the respective report, with the most recent month first.
| Report | Successful settlements | Debts settled | Debt write-offs | Average write-off rate (State) |
|---|---|---|---|---|
| October 2026 | 72,232 | €21.77 bn | €7.11 bn | 13.46% |
| September 2026 | 70,244 | €21.21 bn | €6.93 bn | 13.45% |
| August 2026 | 67,997 | €20.56 bn | €6.66 bn | 13.47% |
According to the October 2026 Progress Report, 72,232 settlements have been successfully concluded through the mechanism. The debts settled amount to €21.77 billion and total debt write-offs to €7.11 billion, compared with €6.93 billion in the September report. Write-offs have thus exceeded €7 billion for the first time. In October alone, 1,965 new settlements were concluded, covering debts of €524 million.
The average write-off rate stands at 13.46% for debts owed to the State and at 28.21% for debts owed to financial institutions. The average repayment period for debts owed to the State remains at 16 years.
Applications submitted to the mechanism exceed 159,000 and concern debts of €61.45 billion. In October, 4,144 applications were finally submitted, the highest monthly number of final submissions in the last six months, while 7,003 new applications were started.
Source: Progress Report on the Out-of-Court Debt Settlement Mechanism, October 2026 – General Secretariat for Financial Sector and Private Debt Management, Ministry of National Economy and Finance.
According to the September 2026 Progress Report, 70,244 settlements have been successfully concluded through the mechanism. The debts settled amount to €21.21 billion and total debt write-offs to €6.93 billion, compared with €6.66 billion in the August report. In September alone, 2,237 new settlements were concluded, covering debts of €641 million. These are the highest monthly figures of the last six months, both in number and in amount.
The average write-off rate stands at 13.45% for debts owed to the State and at 29% for debts owed to financial institutions. The average repayment period for debts owed to the State remains at 16 years.
Applications submitted to the mechanism exceed 154,000 and concern debts of €59.5 billion. In September, 7,493 new applications were started, the highest monthly figure of the last six months.
Source: Progress Report on the Out-of-Court Debt Settlement Mechanism, September 2026 – General Secretariat for Financial Sector and Private Debt Management, Ministry of National Economy and Finance.
According to the August 2026 Progress Report of the General Secretariat for Financial Sector and Private Debt Management, 67,997 settlements have been successfully concluded through the Out-of-Court Debt Settlement Mechanism, also known as the Out-of-Court Workout (OCW), established by Law 4738/2020. The debts settled amount to €20.56 billion and total debt write-offs to €6.66 billion.
The average write-off rate varies considerably depending on the creditor. It stands at 13.47% for debts owed to the State and at 28.3% for debts owed to financial institutions, chiefly banks and credit servicing firms. More specifically, the rate is 13% for mortgage loans, 29.5% for business loans and 32.6% for consumer loans. The average repayment period for debts owed to the State is 16 years.
The nearly 150,000 applications submitted to the mechanism concern debts totalling €57.58 billion. Of these debts, 74% are owed to financial institutions and 45.13% correspond to debtors in Attica and Central Macedonia. As regards the status of the debtors, 68.6% of settlements concern self-employed professionals and sole proprietorships.
Source: Progress Report on the Out-of-Court Debt Settlement Mechanism, August 2026 – General Secretariat for Financial Sector and Private Debt Management, Ministry of National Economy and Finance.
A write-off is not a given outcome of the procedure. It is generated by the calculation tool of the electronic platform and depends on the income, assets and total debts of each individual debtor.
Angelos Ioannis Kladis Attorney-at-law