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HomeHERCULES

HERCULES

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…

Βinding bids for Solar bonds set for Nov. 21
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Βinding bids for Solar bonds set for Nov. 21

7 November 2022 Editors

November 21 has been set as the date for the submission of binding offers for the purchase of mezzanine notes…

Eurostat decision on Hercules plan days away
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Eurostat decision on Hercules plan days away

1 November 2022 Editors

Eurostat’s decision in coming days on whether the state guarantees offered by the Greek government on the “Hercules” program, amounting…

Request submitted for 6-month extension to targets in Cairo project plan
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Request submitted for 6-month extension to targets in Cairo project plan

5 August 2022 Editors

The SPVs of the Cairo securitization have submitted a request for a six-month extension with the State Guarantees Monitoring Committee (Hercules)…

Finale for “Hercules” with securitizations of 4.5 billion euros
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Finale for “Hercules” with securitizations of 4.5 billion euros

5 July 2022 Editors

With three new NPL securitizations amounting to 4.5 billion the Hercules plan is expected to wind up by October, providing…

Request from National Bank to include Frontier II in Hercules
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Request from National Bank to include Frontier II in Hercules

30 June 2022 Phil Karametos

The first application was submitted yesterday to the Ministry of Finance by National Bank (NBG) for inclusion in the Hercules…

New securitizations of 6.4 bln euros by October with Hercules plan
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New securitizations of 6.4 bln euros by October with Hercules plan

14 June 2022 Editors

Greek banks are expected to use the Hercules mechanism by October, implementing new NPL securitizations amounting to 3.4 billion euros,…

DBRS: Hercules plan should be extended
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DBRS: Hercules plan should be extended

9 June 2022 Phil Karametos

DBRS Morningstar is in favor of extending the Hercules program beyond October 2022, when it is scheduled to end. As…

Eurobank-doValue deal a crash test for Hercules plan
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Eurobank-doValue deal a crash test for Hercules plan

12 May 2020 Konstantinos Papagrigoris

Under these circumstances, Hercules plan is unable to achieve the expected disposal of problem assets and now the market considers the Eurobank-doValue agreement to be a critical crash test for Hercules in view of the difficult conditions.

Cost rises for state guarantees in Hercules bad loan plan
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Cost rises for state guarantees in Hercules bad loan plan

13 April 2020 Konstantinos Papagrigoris

The crisis in the economy is expected to bring significant changes to the structure and operation of the Hercules plan, with the most characteristic being the increase in the cost of guarantees compared to what had been originally set.

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MOST READ

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  • Servicers: The plan to achieve the business plan goals 8 October 2025
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  • First meeting of the Task Force on Auctions 3 October 2025
  • Servicers: The maturity of a property is 18 months and the disposal cost is 13% of its value 10 October 2025
  • Signing of the third Collective Bargaining Agreement at Intrum Hellas 6 October 2025
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  • Servicers: The maturity of a property is 18 months and the disposal cost is 13% of its value
  • A “snapshot” of the arrangements for Cepal, doValue, Intrum, and Qquant
  • Intrum, Qquant, and Veraltis have the highest settlement approval rates
  • Servicers: two “solutions” to return “cured” loans to banks
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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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