Greece’s Electronic Pledge Registry: Key Developments and Practical Considerations 6 May 2026

With the entry into force of Law 5123 and especially after the commencement of the Electronic Pledge Registry’s operation, considerable concern arose in the market regarding the applicable registration fees for pledges created to secure any type of loan (other than bond loans), due to the absence of any statutory provisions establishing a fixed – fee methodology. This issue was resolved by the recent Ministerial Decision no. 2/12.01.2026⁴ pursuant to which:

• pledges created to secure bond loans, have registration fees set at a fixed amount of €100 per agreement;
• for security agreements established to secure any other type of loan, the registration fees are determined based on the secured amount. In particular, Ministerial Decision no. 2/12.01.2026 has introduced a graduated fee structure, pursuant to which registration fees increase progressively in line with the loan amount. The maximum fees that may apply is €3,500 for loans of €100m and above; and
• for any additional registration securing the same claim, a fixed fee of €150 is payable.

3. Practical Takeaways and Best‑Practice Recommendations

• The Electronic Pledge Registry only accepts applications between 8:30 and 13:30 on business days. Outside this timeframe, the system allows the application to be saved as a draft but not submit.
• The registration process requires supporting documents, including a Registration Form,⁵ solemn declarations of the signatories of each contracting party and legalisation documents, which must bear authentication of signature. The recommended and most time-efficient method of authentication is through gr.
• It is safer to monitor the status of an application directly through the platform rather than waiting for the Registry to notify of any status changes. This is particularly important with respect to the payment stage, as the platform allows only three business days to complete payment following the issuance of an order of payment. Failure to make the payment within this deadline will result in the automatic rejection of the application.
• Translation costs should be taken into consideration. This is particularly important where a security document has been drafted in English and a certified Greek translation needs to be uploaded. Typically, the Registry accepts translations:
• certified by lawyers; or
• certified by a translator registered with the ‘Registry of Certified Translators of the Ministry of Foreign Affairs of the Hellenic Republic’.⁶
• Decision no. 384/14/03.12.2025 of the Board of Directors of the Hellenic Cadastre (published in the Government Gazette issue ‘B’ no. 6469/03.12.2025) clarified that the uploading of legalisation documents is not required if the lawyer provides a solemn declaration (as mentioned above). However, to avoid any delays, it is advisable to upload all the required legalisation documents, including the solemn declarations, as supporting documents to the initial application.
• It is also important to ensure the legalisation documents of the contracting parties (e.g. the resolution of the pledgor’s Board of Directors) expressly authorise the designated individuals to sign the Registration Form, as well as any other supporting document that may be required under Law 5123/2024 and to submit applications to the Registry.

4. Activity Overview of the Electronic Pledge Registry since its launch

The Electronic Pledge Registry has now been in operation for around seven months, and, to date, it has received approximately 3,000 applications. In terms of processing times, we have noticed that applications submitted in December began to be processed in early March. This indicates that there is currently a significant waiting period for applications to be reviewed and completed.