e-EFKA: Record revenues, 1.75 billion euros, from KEAO in 2022

Record revenue from collections due to arrears, noted the Insurance Debt Collection Center (KEO) in 2022, as they amounted to 1,748,408,099 euros, marking an increase of 71% compared to 2021.

As stated by e-EFKA in his announcement, these are the highest annual collections that have been achieved since the beginning of the operation of the KEAO, as they are reflected in the following table and include the total annual collections of the last five years.

• Year 2018 – total receipts: 1,413,428,728 euros
• Year 2019 – total receipts: 1,488,996,480 euros
• Year 2020 – total receipts: 1,140,087,016 euros
• Year 2021 – total receipts: 1,019,865,545 euros
• Year 2022 – total receipts: 1,748,408,099 euros

According to e-EFKA, the objective of strengthening the procedures for collecting insurance debts and increasing the revenues of e-EFKA, as well as strengthening the sustainability of the social security system, was achieved in the best possible way, due to the key interventions, that were implemented in the previous year and, in particular:

– With the favorable fixed arrangement of 24 installments, which made it easier for the debtors of overdue insurance debts to comply with the arrangement they have accepted with the KEAO and for new debtors who were unable to settle their debts to join them.

– With the electronic certificate of debt for real estate transfers, with which the procedures were accelerated, while contributing to the reduction of debts to the KEAO.

Finally, the restart of collection procedures, after the period of the pandemic, during which the collection of the debts of the victims had been suspended, contributed to the increase in revenues.

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