A total of 7,360 new applications from debtors submitted to its platform new extrajudicial mechanism in the month of February.
The number of new applications is more than double the number of applications in previous months – the average in 2023 was 3,400 new applications per month – and is record and all-time high.
The more than doubling of applications is directly related to the integration, from February, into the platform of the out-of-court mechanism of the changes-improvements instituted by the Ministry of National Economy and Finance:
- the additional “haircut” up to 28% of the debt in collateralized loans,
- her obligation for the Banks, the services and the State to accept the proposal of the extrajudicial mechanism for vulnerable debtors,
- the interest rate reduction for all debt settlements at 3% for 3 years,
- the possibility to join the extrajudicial mechanism for persons who “inherited” debts, from debts they have.
Similarly noted record high in new settings, since, according to the data of the General Secretariat of the Financial Sector and Private Debt Management, in the month of February 2024, 1,222 new successful debt arrangements were made. So in total to date, through out-of-court settlement, 14,322 successful debt arrangements have been carried out, which correspond to 5.17 billion euros of initial debts.
At the same time, the bilateral arrangements concluded directly with the debtors by the servicers reached high levels, as for the month of January 2024 they made direct bilateral arrangements for 7,251 debtors, with debts amounting to 238 million euros.
It is recalled that based on the new relevant legislation, by the end of March, servicers are obliged to put into operation the special digital platform for informing borrowers to provide personalized information.
February 2024 Extrajudicial monthly progress report and January 2024 bilateral arrangements data are attached.
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