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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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MOST READ

  • Banks: €10 billion in liquidity from synthetic securitizations 30 December 2025
  • Source: Eurokinissi EFKA: Collection of insurance debts exceeding €50 billion in private hands 7 January 2026
  • Servicers: Increase in settlements to 90% by 2026 5 January 2026
  • In the Stengos family, the Piraeus Bank’s Vesta project 29 December 2025
  • Alpha Bank: Target revenue of €50 million from leases in 2026  5 January 2026
  • Borrowers prefer bilateral arrangements with Servicers 5 January 2026
News Tags Comments
  • The European Court of Justice will decide on penalties for servicers
  • Capital reduction for INTRUM BTB
  • Starbucks’ NPEs at Eurobank, Alpha, and Piraeus
  • EFKA: Collection of insurance debts exceeding €50 billion in private hands
  • Bidding time for the Real Estate Acquisition and Leasing Agency
  • Borrowers prefer bilateral arrangements with Servicers
  • Servicers: Increase in settlements to 90% by 2026
  • Alpha Bank: Target revenue of €50 million from leases in 2026 
  • The “map” of NPEs in Greek banks
  • Retroactive effect of the Real Estate Acquisition and Leasing Agency 
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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