Greek Finance Minister Christos Staikouras is pressuring banks and servicers to intensify efforts toward finding solutions for the settlement of non-performing loans, both through out-of-court settlements and bilateral agreements, ANA reports.
According to official figures collected by the Public Debt Management Secretariat, banks reject debt settlements at a rate of 67%, while services at a rate of 34%. The out-of-court settlement offers repayment deals of up to 240 tranches for debt to the state and 420 tranches for debt to banks.
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