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HomeHERCULES

HERCULES

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…

DBRS: Hercules sets the tone for European NPLs in 2024
Editorial

DBRS: Hercules sets the tone for European NPLs in 2024

16 January 2024 Editors

The renewal of the Hercules program in Greece, which was approved on December 4, with total guarantees of 2 billion…

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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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