“The out -of -court mechanism for the settlement of debts to banks and the public was a big bet for our government as early as 2019, when tens of thousands of our fellow citizens were trapped in red loans and arrears to the State, without any possible long -term and long -term regulation. Our goal was to be able to give our fellow citizens them the ability to recover from their debtsadjusting them in an automated and fair way to put their finances in a classroom and take their lives back into their hands, “Kyriakos Mitsotakis said in a facebook post.

“So I am very happy, as the results of the out -of -court mechanism so far seem to justify us: in 2024 we had an increase in 81% out -of -court arrangements compared to the arrangements made in 2023, thus closing the year with a total of 28,945 successful arrangements, which corresponds to initials. While with the closure of the 1st quarter of 2025 this number was already stood at 33,432 sets of a total of € 10.9 billion. What does this mean? That nearly 33.5 thousand borrowers succeeded haircut up to 30% in their debts And a new arrangement for their repayment for up to 26 years, “the prime minister continued.

He added: “It is indicative that under the old out -of -court SYRIZA law, which was instituted in 2017, minimal arrangements were made, about 2,000, at all, and while private debt was already highly high. Due to this delay in 2019 in the financial sector, the arrears amounted to € 92.2 billion, while Today we are at 67.1 billion eurosas a result of our policies.

We have successfully put pressure on banks and services with a series of measures that forced them to operate with greater responsibility and transparency. And we are proceeding with the new out -of -court mechanism, which is being submitted to Parliament today with six new initiatives that broaden the perimeter and the middle class income that is steadily at the heart of our policies. “

Mr. Mitsotakis added that the new favorable measures are the following:

– Doubling the circumference of eligible debtors with annual incomes of up to EUR 42,000 and assets of up to 360,000 euros.

-Further protection of borrowers by establishing the obligation of the creditor to have filed a written proposal to the debtor before the auction.

-The debtor exemption for which it does not open a bankruptcy process but is registered in the solvency register.

-The expansion of deadlines so that the vulnerable debtor can enter the intermediate program.

-The expansion of the ability to regulate loan with a Greek government guarantee through the consolidation process.

-A permanent mechanism of damages of the “ASPIS PRODUCT”.

“Thanks to our red loans policies, both through the out -of -court mechanism and through the” Hercules “program, the banks had a significant reduction in non -performing loans in their portfolios,” Kyriakos Mitsotakis also said.

And noted: ‘In the third quarter of 2024 the percentage of non -performing loans reached 4.6%in bank portfolios, lower than the pre -crisis period. Let me only remind you that in 2019 the percentage of non -performing loans was 40.6%! It is also very important that our country is below the EU average. about private debt as a percentage of GDP.

We will continue to fight to support vulnerable incomes, reduce red loans and consolidate the financial sector of our country that must operate by justice and rules as in any European country. “