The "MED Electronic Platform" was presented today at a workshop organized by the General Secretariat for the Financial Sector and Private Debt Management, a new digital infrastructure developed to support and modernize the operation of the secondary market for Non-Performing Loans.
According to the announcement by the Ministry of National Economy and Finance, the event showcased the platform’s capabilities, modern digital infrastructure, secure data management, and enhanced transparency in NPL market procedures. The announcement highlights the role of the NPL Electronic Platform in creating a more organized, reliable, and effective environment for the secondary market for non-performing loans.
The platform will serve as a central hub for data and knowledge regarding the secondary NPL market. The Data Hub will support the collection and organization of information regarding historical and current transactions involving non-performing loans, while the Knowledge Hub (Knowledge Hub) will function as a subsystem for training, support, and the dissemination of knowledge to stakeholders and market users. In this way, transparency, data comparability, and the more efficient functioning of the market are further enhanced.
Furthermore, it enables the implementation of structured processes for data exchange, portfolio evaluation, due diligence, and negotiation among market participants. Through the new infrastructure, eligible investors and entities will be able to express interest in Non-Performing Loan portfolios, while at the same time facilitating the secure and efficient exchange of information, data verification, and the management of all stages of transactions.
The development of the platform is part of the overall strategy for the digital transformation of private debt management mechanisms and is expected to contribute significantly to financial stability and to enhancing the efficiency of the non-performing loan market in Greece, according to the announcement.
The project is being implemented as part of the National Recovery and Resilience Plan “Greece 2.0” with funding from the European Union—NextGenerationEU.