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HomeHERCULES

HERCULES

EU approves extension of “Hercules” program
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EU approves extension of “Hercules” program

29 November 2023 Editors

The European Commission officially announced on Tuesday the approval of the extension of “Hercules” to reduce the non-performing loans of…

Bill extending “Hercules” program submitted to parliament
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Bill extending “Hercules” program submitted to parliament

24 November 2023 Editors

Provisions extending the “Hercules” program aimed at further reducing non-performing loans in bank portfolios have been included in the bill…

Penalty threat for servicers that miss Hercules goals
Editorial

Penalty threat for servicers that miss Hercules goals

25 October 2023 Editors

Servicers who manage loans under the “Hercules” program face significant challenges in achieving goals they have undertaken to achieve, due…

Fin Min in talks with European Commission, ECB on Hercules III
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Fin Min in talks with European Commission, ECB on Hercules III

21 September 2023 Editors

  The activation of the third cycle of the Heracles state guarantee program is in the final stretch. The Ministry…

K. Mitsotakis: “Hercules will continue”
Editorial

K. Mitsotakis: “Hercules will continue”

19 September 2023 Editors

  “Heracles will continue, although the new scheme will be much more specific, with precise conditions for the protection of…

Official sector creditors request repricing of Frontier II and Sunrise 3 transactions
Highlights

Official sector creditors request repricing of Frontier II and Sunrise 3 transactions

31 July 2023 Editors

At a time when the market, in cooperation with the government, is waiting for the institutionalization of Hercules III for…

“Hercules” in the spotlight – The request for an extension and pressures from lender
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“Hercules” in the spotlight – The request for an extension and pressures from lender

5 May 2023 Editors

  “Hercules” is making a comeback with talks focusing on the extension of its existing structure or changes needed to…

Eurostat gives thumbs up to Hercules securitizations
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Eurostat gives thumbs up to Hercules securitizations

9 March 2023 Editors

Eurostat is believed to have decided against including the Hercules state guarantees, amounting to some 20 billion euros, into Greece’s…

OECD: The contribution of “Hercules” and its possible extension
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OECD: The contribution of “Hercules” and its possible extension

11 January 2023 Editors

The significant contribution of “Hercules” to the efforts of banks to rid themselves of the legacy of the crisis has…

GACS and “Hercules”: The data Eurostat is looking at
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GACS and “Hercules”: The data Eurostat is looking at

3 January 2023 Editors

Ahead of a decision from Eurostat regarding the way GACS and “Hercules” guarantees will be recorded on public debt, NPL…

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MOST READ

  • Servicers are seeking a solution for the mass suspension of auctions 10 September 2025
  • The Aktor – Prodea real estate deal is canceled 10 September 2025
  • Private debt: Critical meeting on “red” loans and “Hercules” 12 September 2025
  • Servicers are calling for measures to address the high default rates of the out-of-court settlement mechanism 5 September 2025
  • Why aren’t red loans decreasing? 5 September 2025
  • New Iris Payments service from doValue Greece 8 September 2025
News Tags Comments
  • Real estate agency: With a €100 million “fund,” the announcement of the second phase of the tender
  • Sallas, “Hercules,” the banks, and Alabasi
  • The ECB targets NPLs of cooperative banks
  • The competition for the Real Estate Acquisition and Leasing Agency lasted five years
  • Cepal takes first place in regulatory approvals in August
  • Elena Stassi: From the Aktor Group to Qualco
  • New company from QUALCO
  • Out-of-court mechanism: More than 30% haircut for 1 in 2 debt settlements with banks – servicers
  • Private debt: Critical meeting on “red” loans and “Hercules”
  • Servicers: Loan settlements exceeding 3 billion euros
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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