A new all-time high is recorded in January in the launch of new applications on the platform of the out-of-court debt settlement mechanism with more than 5,000 applications.

The new monthly settings remain consistently high, exceeding 1,000. The figures reflect the dynamics of the specific tool, which in recent months has been used significantly by debtors after the recent improvements that were instituted.

In particular, according to the data of the General Secretariat of the Financial Sector and Private Debt Management:

• In the month of January 2024, 5,031 new applications were launched on the platform and 1,075 new successful debt arrangements were made, which correspond to a particularly high total of initial debts of 425 million euros.
• In total, until the end of January 2024, 13,101 successful debt arrangements have been carried out, which correspond to 4.8 billion euros of initial debts.
• The rate of approval of the arrangements by the financial institutions is also maintained at a consistently high level.

Attached is the January 2024 monthly progress report.