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HomeHERCULES

HERCULES

Answer on Hercules III expected by mid of December
Business

Answer on Hercules III expected by mid of December

29 October 2024 Editors

Finance Ministry officials expect European officials to respond to their request to up state guarantees offered by Hercules III by…

Request sent to EU for Hercules extension by 1 bln euros
Featured

Request sent to EU for Hercules extension by 1 bln euros

17 September 2024 Phil Karametos

The European Commission’s response to Greece’s request for an extension to the Hercules program by 1 billion euros is expected…

DBRS: Hercules transactions with the highest amortization
Highlights

DBRS: Hercules transactions with the highest amortization

6 September 2024 Editors

The success of the “Hercules” program, on the occasion of its 5 years since implementation, was referred to by DBRS…

Hercules ceiling to rise by 500 mln euros in September
Featured

Hercules ceiling to rise by 500 mln euros in September

24 July 2024 Editors

From September, the next step is expected regarding the increasing of guarantees offered in the ongoing Hercules III programme set…

Full speed ahead for NPE ratio of below 3%
Highlights

Full speed ahead for NPE ratio of below 3%

1 July 2024 Editors

The final round of bank balance sheet consolidations is just around the corner as the activation of the third cycle…

Hardouvelis: “In Hercules there is a virtuous circle between banks and the economy”
Interviews

Hardouvelis: “In Hercules there is a virtuous circle between banks and the economy”

26 June 2024 Editors

“In the Hercules program there is a virtuous circle between banks and the economy: The state increases the program and…

Ministry of Finance, central bank review servicer business plans
Featured

Ministry of Finance, central bank review servicer business plans

22 April 2024 Editors

The securitizations of “Hercules” and in particular the business plans that servicers need to implement will be the subject of…

What servicers want from Justice Minister
Featured

What servicers want from Justice Minister

18 April 2024 Editors

Issues related to the effectiveness of managing NPLs which to a large extent have been securitized and included in the…

Attica Bank: The target for an NPE ratio below 35% and “Hercules”
Featured

Attica Bank: The target for an NPE ratio below 35% and “Hercules”

12 March 2024 Editors

The management of Attica Bank expects a ratio of bad loans lower than 35% in 2025 and is considering turning…

How much the state collected in commissions from “Hercules”
Analysis

How much the state collected in commissions from “Hercules”

1 March 2024 Editors

Commissions, amounting to approximately 260 million euros, were collected by the state in the two years 2022-2023 from “Hercules”, with…

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MOST READ

  • Great deals for doValue from the Giza and Alexandria projects 18 December 2025
  • Council of State: Bank of Greece penalties on servicers’ executives up in the air 23 December 2025
  • 10,000 holiday homes belonging to debtors under the Katseli law up for auction 18 December 2025
  • Loans in Swiss francs: Amendment tabled – The three categories of settlement 18 December 2025
  • Intrum AB: Losses in Spain, France, and Germany, and the exception of Greece 23 December 2025
  • Swiss franc borrowers are negative about the government’s proposal 19 December 2025
News Tags Comments
  • Banks: €10 billion in liquidity from synthetic securitizations
  • In the Stengos family, the Piraeus Bank’s Vesta project
  • The Real Estate Acquisition and Leaseback Entity is entering the final phase
  • The Federation of Greek Servicer Organizations (FOOSE) was established
  • BoG: Steady decline in NPEs in the nine months of 2025
  • Intrum AB: Losses in Spain, France, and Germany, and the exception of Greece
  • Council of State: Bank of Greece penalties on servicers’ executives up in the air
  • FinThesis expands into business and consumer loans – Target of 1,300 mortgages and €120 million in disbursements
  • Intrum recognises impairment of SEK 3.4bn
  • Swiss franc borrowers are negative about the government’s proposal
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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