Debt management companies have successfully streamlined loans of around 10.3 billion euros out of a total 98 billion they manage, focusing on debts from 2021 onwards. The total overdue debt was reported at 69.9 billion euros in the first quarter of 2024, with funds accounting for 59.4 billion and banks for 10.4 billion.
The government’s general secretary for the financial sector and private debt, Theoni Alambasi, noted a decrease in overdue private debt to 59.9% in 2024 from 69.9% in 2019, signaling a positive trend in debt servicing. Private debt management companies are now searching for around 920,000 “ghost” debtors, with outdated contact information, owing a total of 25 billion euros out of 2.3 million debtors.