George Zavvos: The zero risk weight issue on Hercule’s senior bonds, is resolved

The significant impact the coronavirus is believed to be having on the Greek economy has led the Single Supervisory Mechanism…

*Alpha Bank is planning to use 3.7 billion  euros Guarantees from Hercules * Galaxy  consists of five distinct NPE portfolios…

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.