Capital and not interest will continue to be received by servicers from debtors of the Katseli Act, as well as wrote the newmoney from 11 June 2026 as they acknowledge that the Supreme Court's decision determines that interest will be applied to the loan's installment but leave open the possibility that, at the end of the period of the discharge
‘Until the clarification of this issue, Management Companies (EMUs) call on debtors of Law 3869/2010 to continue paying the amount corresponding to their monthly installment chapter. “
The servicers announcement says the following:
Following the publication of the Supreme Court plenary decision on a question for a preliminary ruling concerning Law 3869/2010, the Board of Directors of the Association of Bank and Credit Management Companies (EDPS) met unanimously with the following decisions:
1. Debt and Credit Management Companies (IFRS) fully respect and comply with the No. 6/2026 decision of the Supreme Court's plenary session, whereby it was considered that the implementation of the rules laid down in Article 9(2) of Law 3869/2010 is calculated on the monthly instalments and not on the total capital due. This judgment of the Full House is directly and without any reservation as to its substance.
2. The EDPS shall have an institutional and legal obligation to determine their debts accurately and to recover them. This obligation, which they have undertaken by signing the contracts for the management of claims within the securitisations of the "Heraklis" project, is inherent in the defence of the public interest and taxpayers, who have also assumed the final weight of the guarantees of the Greek State.
3. The decision of the Supreme Court (LGD 6/2026) makes it clear that for loans under the rules laid down in Article 9 of Law 3869/2010 the appropriate method of calculating interest is the exclusivity in the installment and not interest-rate in the capital determined by the relevant court decision. In the practical implementation of the Supreme Court plenary decision, however, an issue has arisen as to the duration of each monthly installment period in which different views have been expressed by legal and professional bodies. This issue needs clarification in order for EDPS to be able to effectively and technically implement the decision of the Supreme Court plenary.
4. Until this issue is clarified, the Management Companies (EDPS) are calling on the debtors of Law 3869/2010 to continue paying the amount corresponding to the chapter in their monthly installment.
Source: newmoney. gr