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HomeHERCULES

HERCULES

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”

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

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  • Close supervision of securitizations by the State
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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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