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The recent amendments to Law 3869/2010 affect specific procedures relating to the settlement of your debt. Select the category that applies to you to view all relevant information.
UPDATE ON LAW 3869/2010
Non-Interest-Bearing Portfolios
At Cepal Hellas, we recognise that every debt settlement has its own characteristics. If your debt belongs to one of Hoist Finance AB (PUBL)’s portfolios – Cell, Light, Mercury, Orbit, Pearl – this section provides information relevant to your specific case.
As your debt has been settled pursuant to Article 9 of Law 3869/2010, it is important to note that, following the recent amendments introduced by Law 5313/2026 implementing Decision 6/2026 of the Plenary of the Supreme Civil and Criminal Court (Areios Pagos), the method for calculating interest on the instalments under this Article has changed. Under the new provisions, interest is calculated exclusively on the amount of each monthly instalment.
However, these legislative changes do not affect your debt settlement, as your arrangement already provides for a zero interest rate. Consequently, no recalculation of your debt is required under the new legislative framework, and there will be no changes to:
- the method of calculating your instalments
- the amount of your monthly payment or
- your existing repayment schedule, as determined by the relevant court decision.
As your current repayment schedule remains unchanged, please continue to make your instalment payments on time in accordance with the terms of your settlement. Continued compliance with the repayment schedule remains a prerequisite for maintaining the validity of the court-approved settlement.
The information provided in this section relates exclusively to the amendments introduced by Law 5313/2026 and does not affect any rights or obligations arising from the court decision placing your debt under the provisions of Law 3869/2010.
For your convenience, you may visit the e-Cepal digital platform at https://portal.cepal.gr/ to monitor your debt and repayment arrangement.
UPDATE ON LAW 3869/2010
Alpha Bank Portfolios
For Alpha Bank portfolios (Core & Gemini Core), the relevant information will be published here in a future update.
UPDATE ON LAW 3869/2010
Interest-Bearing Portfolios
At Cepal Hellas, we recognise that every debt settlement has its own characteristics. If your debt belongs to one of the following portfolios, this section provides information specific to your case.
- Cosmos Securitisation Designated Activity Company
- Galaxy II Funding Designated Activity Company
- Galaxy IV Funding Designated Activity Company
- Orion X Securitisation Designated Activity Company
- Domus 1 Securitisation Designated Activity Company
- Gaia Securitisation Designated Activity Company
- Imola NPL Finance Designated Activity Company
- Monza NPL Finance Designated Activity Company
- Rhodium I Finance Designated Activity Company
- Glade S.À.R.L (Astraea)
- GLX ONE Ireland Designated Activity Company
- Creditable Opportunities Fund II SCS RAIF (Cetus)
- Lana Securitisation S.A.R.L (Jupiter)
- Dysart Finance II Designated Activity Company (Euclid)
- Kyma Financing Designated Activity Company
- Claims acquired by CrediaBank
Recent legislative amendments have changed the method for calculating interest on the instalments provided for under Article 9(2) of Law 3869/2010. Specifically, following the entry into force of Law 5313/2026 and the implementation of Decision 6/2026 of the Plenary of the Supreme Civil and Criminal Court (Areios Pagos), interest is now calculated exclusively on the amount of each monthly instalment.
The debt recalculation process is particularly complex, as it requires the review of court decisions issued under the Law, the recalculation of payments already made, and the implementation of the necessary system changes.
To facilitate this process and support the continued compliance with repayment arrangements under Article 9 of Law 3869/2010, Cepal Hellas is temporarily applying a zero interest rate to future instalments (instead of charging interest on each instalment). We have also reversed any interest charges previously applied to your accounts.
As a result, the balances currently displayed in our systems no longer accrue interest. However, until the recalculation process is completed, these balances have not yet been fully adjusted in accordance with the new calculation method introduced by the legislation. Furthermore, any interest that was charged and paid before the entry into force of Law 5313/2026 will be taken into account during the recalculation of your debt.
The temporary zero interest rate is granted under a Rewards Programme, subject to your continued compliance with your repayment schedule until the recalculation process has been completed. Until then, it is important that you continue to pay, on time, the monthly instalment corresponding solely to the principal amount, as shown in our systems. These payments will be fully taken into account during the final recalculation of your debt.
For easier access to information, you may register on our e-Cepal digital platform to monitor the progress of the recalculation process and obtain an up-to-date overview of your debt.
The information presented in this section reflects the currently available information relating to your debt and does not constitute its final determination. If, in the past, payments were made using a different calculation methodology, these amounts will be taken into account during the recalculation of your debt and credited in your favour, in accordance with the applicable legislation. The corresponding adjustment to your outstanding balance and/or remaining instalments will be made automatically, without any action required on your part. You will be notified once the process has been completed.
The above arrangements apply exclusively to repayment arrangements that remained in force on the date Law 5313/2026 entered into effect. They do not apply to arrangements that had already been completed or had ceased to be in force. In such cases, amounts already paid will neither be refunded nor reclaimed.
Repayment arrangements are considered active where they remain in force and the process of forfeiture from the relevant court decision has not been completed.
If your repayment arrangement is active:
- any interest relating to overdue payments accrued before the entry into force of Law 5313/2026 has already been removed; and
- any overdue amounts will be recalculated in accordance with the new legislative provisions.
Accordingly, please continue to pay the monthly principal instalment shown in our systems, without interest, by the applicable due date. Failure to make payments on time may affect the continuation of your debt settlement under Law 3869/2010 and may result in forfeiture of the arrangement.
Please also note that debt settlements under Article 9 of Law 3869/2010 that already provide for a zero interest rate are excluded from the above provisions, as no further recalculation of the debt is required. For further information, please refer to the “Non-Interest-Bearing Portfolios” section.
Frequently asked questions:
Useful answers to frequently asked questions
Here you can find detailed information relating to all portfolios.
What currently applies to my loan under the provisions of the new law?
A zero interest rate has already been applied to your debt. This means that your future monthly instalments will no longer accrue interest, while any interest that had previously been charged but remained unpaid has already been removed. As a result, until the recalculation of your debt is completed, you will be paying the lowest possible monthly instalment.
Until the recalculation process has been completed and you receive the relevant notification, please continue to make your monthly principal instalment payments on time, as reflected in our systems. These payments will be fully taken into account during the recalculation of your debt.
How can I check my current monthly instalment while the recalculation process is ongoing?
The easiest and quickest way to view your current monthly instalment, following the application of the zero interest rate and the reversal of any interest that had been charged but remained unpaid, is through our digital platform. Please register on the portal to access your account information.
Please note that the instalment amount currently displayed in our systems does not yet reflect the final amount that will result from the completion of the recalculation process. Instead, it reflects the instalment amount based on the principal balance under your previous repayment schedule.
Additional information is also included in the monthly statements you receive.
Will there be any changes to my payment reference code or payment methods?
No. Until the recalculation of your debt has been completed, your existing payment reference code and the payment methods you currently use will remain unchanged.
Once the recalculation process has been completed and your new repayment schedule has been finalised, your payment reference code may change. In any event, before any such change takes effect, you will receive a written notification setting out your revised outstanding balance, your new repayment schedule, and the payment methods available to you.
Do I need to take any action as a debtor for the recalculation process to be completed?
No. All actions required to adjust and recalculate your debt, as well as to prepare your updated repayment schedule, will be carried out by Cepal. You are not required to take any action or submit any request for the recalculation process to be completed.
However, we recommend that you register on our e-Cepal digital platform to update your contact details and to stay informed about any developments relating to your account.
If you submit a request for information, we also recommend that you provide the relevant court decision, where applicable.
What does the recalculation of my debt involve?
The recalculation ensures that your outstanding debt is adjusted in accordance with the new calculation method introduced under Law 5313/2026.
If, during the recalculation process, it is determined that any amounts were paid based on a different calculation methodology than the one provided for under Law 5313/2026, those amounts will be automatically offset through a corresponding adjustment to your outstanding balance and/or your remaining instalments.
How will I be informed once the recalculation of my debt has been completed?
The debt recalculation process is complex and requires the implementation of the necessary system changes. Once the process is completed, you will receive written notification from Cepal, including your updated repayment schedule, as well as your new servicing account details and payment reference codes, where applicable.
Cepal will carry out the recalculation for all debts that fall within the scope of Law 5313/2026. No action is required on your part.
Although my Repayment Schedule has not yet been adjusted in accordance with the Supreme Court decision and the relevant law, my account shows overdue amounts. What does this mean?
The appearance of overdue amounts may indicate that the debt recalculation process has not yet been completed. This is a temporary status, which will be corrected once the recalculation has been finalised and any applicable offset has been applied in your favour, in accordance with the law.
Until the process is completed and you receive the relevant written notification, please continue to pay the monthly principal instalment shown in our systems on time. These payments will be fully taken into account during the recalculation of your debt.
Please note that the legislative provision applies exclusively to repayment arrangements that were in effect at the time Law 5313/2026 came into force. An arrangement is considered active provided that the process of termination pursuant to the relevant court decision has not been completed.
In such cases:
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- Interest relating to overdue amounts accrued before the entry into force of Law 5313/2026 has already been removed.
- Any overdue amounts will be recalculated in accordance with the new legislative framework.
Failure to make the payments required under the court decision may affect the continuation of your repayment arrangement and could result in its termination. For this reason, it is important that you continue to pay the monthly principal amount, as reflected in our systems, excluding interest. Doing so will also reduce any amount that may become payable as a lump sum following the completion of the recalculation.
For easier access to information regarding your debt and the progress of the recalculation process, you may register at the e-Cepal portal.
My repayment arrangement already has a zero interest rate. Does the change apply to me?
No. If your repayment arrangement is already subject to a zero interest rate, the recent legislative changes do not affect your debt and no further recalculation is required.
My repayment arrangement has been completed or is no longer in effect. Will I receive a refund due to the retroactive application?
No. The retroactive application applies exclusively to repayment arrangements that were active at the time Law 5313/2026 entered into force. For repayment arrangements that have already been completed or are no longer in effect, no recalculation or refund is provided. Similarly, any amounts that may have already been paid will not be claimed back.
Will the zero interest rate apply for the entire duration of my repayment arrangement?
The zero interest rate is applied on a temporary basis and may be adjusted in accordance with the law once the recalculation process has been completed.
If I do not pay the principal instalment, will the available benefits be affected?
If you fail to comply with the repayment arrangement, the application of the above benefits may be affected. The final outcome will be determined once the recalculation process of the repayment schedule has been completed.
In addition, if any outstanding principal amounts are identified during the recalculation of the instalments, these amounts will need to be settled in a lump sum. For this reason, making your instalment payments consistently and on time is important for your benefit.
Will interest be applied to the instalments in accordance with the new law and the Supreme Court decision?
According to the law and the Supreme Court decision, interest is now calculated on each individual monthly instalment (and not on the total outstanding principal balance).
However, in practice:
- Until the recalculation process is completed, a zero interest rate is temporarily applied as a facilitation measure.
- Once the process has been completed, interest may be applied to the instalments in accordance with the new legislative framework, unless a specific provision applies, such as the continuation of a 0% interest rate under certain conditions.
Nevertheless, Cepal and its investors intend to implement a Rewards Programme for debtors who consistently meet their repayment obligations.
