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HomeHERCULES

HERCULES

Hercules Securitisation Scheme: Which Servicers Are Delivering Faster Recoveries 
Business

Hercules Securitisation Scheme: Which Servicers Are Delivering Faster Recoveries 

10 June 2026 Editors

Significant differences are emerging in the performance of securitisations under Greece’s Hercules Asset Protection Scheme (HAPS), with some portfolios recording

Banks: Hercules’ €400 million in senior bonds were redeemed
Featured

Banks: Hercules’ €400 million in senior bonds were redeemed

22 May 2026 Phil Karametos

Banks redeemed €400 million in Hercules senior bonds in the first quarter of 2026.

Close supervision of securitizations by the State
News

Close supervision of securitizations by the State

7 April 2026 Phil Karametos

The business plans of the “Hercules” securitizations are entering a phase of intensive reassessment

What ECB Says About Hercules 
News

What ECB Says About Hercules 

26 March 2026 Phil Karametos

A comment on ECBs blog, in an article about Greece, also appears to be decisive for the market’s future trajectory.

Revenues from the “Hercules” program and new loan inclusions
Featured

Revenues from the “Hercules” program and new loan inclusions

20 February 2026 Phil Karametos

The Greek government collected approximately €293 million from commissions on guarantees it has granted for the “Hercules” program.

Securitizations that ease the burden on HERCULES
News

Securitizations that ease the burden on HERCULES

9 February 2026 Phil Karametos

Much has been written about the potential damage that the Supreme Court’s decision on the interest rate on loans covered by the Katseli Law

Manageable potential damage to Hercules
Buzz Talk

Manageable potential damage to Hercules

17 December 2025 Phil Karametos

Servicers have focused their efforts on debt restructuring, given that the revenue from auctions they had recorded as a provision in their business plans

Public revenue from Hercules Plan commissions reaches €600 million
Featured

Public revenue from Hercules Plan commissions reaches €600 million

23 October 2025 Phil Karametos

Revenue from commissions collected by the Greek government from the securitization of non-performing loans by banks under the Hercules

Hercules turned 6!
Featured

Hercules turned 6!

15 October 2025 Editors

Hercules, the securitization scheme for reducing Greek banks’ non-performing loans, has completed six years.

Ministry of Finance: There is no risk of the state guaranties for “Hercules” collapsing
Featured

Ministry of Finance: There is no risk of the state guaranties for “Hercules” collapsing

18 September 2025 Editors

High-ranking officials from the Ministry of Finance are sending a clear message regarding the progress of recoveries from the “Hercules”

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MOST READ

  • Real Estate Acquisition and Leaseback Agency: CRC Emerges as Sole Bidder – Systemic Banks Expected to Join the Scheme 2 June 2026
  • Supreme Court: The decision for the borrowers of Law 3869/2010 has been published 5 June 2026
  • Hercules Securitisation Scheme: Which Servicers Are Delivering Faster Recoveries  10 June 2026
  • Pierrakakis: The Real Estate Acquisition and Leaseback Agency will be operational by the end of fall 29 May 2026
  • The government’s 5 measures to address the €240 billion in “red” private debt 2 June 2026
  • Louka Katseli’s response regarding her involvement with Pepper  2 June 2026
News Tags Comments
  • Incentives for the staff from QUALCO
  • Hercules Securitisation Scheme: Which Servicers Are Delivering Faster Recoveries 
  • Announcement from Intrum’s Extraordinary General Meeting
  • K. Pierakakis: The decision of the Supreme Court does not automatically produce results for the whole
  • Housing Market: Price Growth Slows, but Demand Remains Strong
  • New Reading of Supreme Court Ruling: Lower Impact on Servicers and Banks Than Initially Estimated
  • BIOTER: Agreement with Cepal, Intrum and Devalue on loan restructuring
  • Real Estate Portfolios: INTRUM Halts Sale of ICHOR
  • 800,000 borrowers… of unknown residence
  • Katseli Law: Banks and Servicers Scrutinize Supreme Court Ruling on Interest Calculations
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue ECB Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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