Debt management companies, also known as servicers, have so far settled non-performing loans (NPL) amounting to €15.2 billion on the Greek market since 2022, according to Ekathimerini.

The total debt they manage amounts to 90 billion euros, representing the dues of 2,271,548 borrowers, of which 80% are loans sold to funds, while the rest are loans still owned by banks.

At the end of March, the total amount of loan agreements reached € 1.2 billion. Of this, bilateral agreements and settlements under the Katseli Law reached €1.1 billion, and the remaining €100 million was arranged through the out-of-court mechanism, where 65,790 applications were submitted, representing debts of €32.1 billion.

Original Story: Ekathimerini | Author: Evgenia Tzortzi
Edition: Prime Yield