The Extrajudicial Debt Settlement Mechanism also presented a historic high in new applications in Novemberaccording to an announcement by the Ministry of National Economy and Finance.
In detail, as noted, a record high was recorded for the second consecutive month in November at launch of new applications on the platform of the out-of-court debt settlement mechanism with more than 4,200 applications.
New applications remain consistently high, exceeding 2,200, as well as new monthly arrangements exceeding 1,100. The figures reflect the dynamics of the specific tool that in recent months has been significantly used by debtors and contributes substantially to the management of private debt, according to the Ministry of Finance.
In particular, according to the data of the General Secretariat of the Financial Sector and Private Debt Management:
•In the month of November 2023, there were 4,270 new application launches on the platform, 2,289 new application submissions and 1,152 new successful debt settlements.
• In total, by the end of November 2023, 11,175 successful debt arrangements have been carried out, which correspond to 4.1 billion euros of initial debts.
• The rate of approval of the arrangements by the financial institutions is also maintained at a consistently high level.
Source: enoikonomia.gr
