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HomeHERCULES

HERCULES

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”

Alert for securitizations
Buzz Talk

Alert for securitizations

28 August 2025 Phil Karametos

The progress of securitizations is under the microscope of the Hellenic Debt Management Agency

The outstanding balance of “Hercules” stands at €17.95 billion
Highlights

The outstanding balance of “Hercules” stands at €17.95 billion

27 August 2025 Phil Karametos

Piraeus and Alpha Bank cover almost half of the Heracles portfolio

Model “Hercules” for financing the major EU projects
News

Model “Hercules” for financing the major EU projects

20 June 2025 Editors

The “Hercules” tool, which was used for the restructuring of Greek banks from non-performing loans, will serve as a model…

Reductions in balances in the “Hercules” securitizations in Q1 2025
Analysis

Reductions in balances in the “Hercules” securitizations in Q1 2025

27 May 2025 Editors

The picture of the “Hercules” guarantee provision program remains stable in the first quarter of 2025, with securitizations showing a…

Hercules is the key in the upgrade from Moody’s
Featured

Hercules is the key in the upgrade from Moody’s

17 March 2025 Editors

A pivotal role in the granting of the investment grade by Moody’s was played by the significant progress that Greek…

EU approves Hercules extension until mid 2025
Featured

EU approves Hercules extension until mid 2025

13 December 2024 Phil Karametos

  The European Commission has approved the extension of “Hercules” until June 30, 2025 and the increase of its budget…

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  • Smaller banks monitored by the Bank of Greece – The prudential backstop and Bank of Chania  30 January 2026
  • Intrum presents revised strategy for 2026–2030 and financial targets 29 January 2026
  •  On Thursday, the decision regarding the calculation of interest on Katseli Law loans will be made 2 February 2026
  • Intrum delivers strong fourth quarter 29 January 2026
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  • Resulute Cepal: Sadness for the death of Christoforos Stratou
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  • Out-of-court settlements: New record in January with €773 million in settled debts
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  • A 1 billion “bomb” for securitizations – what the Supreme Court’s decision means for calculating the interest owed by Katseli Law debtors
  • Resolute Cepal Greece enters new areas of activity
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank extrajudicial mechanism HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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