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HomeHERCULES

HERCULES

Request from National Bank to include Frontier II in Hercules
Featured

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
Featured

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
Featured

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
Featured

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
Featured

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.

Banks and servicers are on alert as  NPEs almost tripled in March.
Highlights

Banks and servicers are on alert as NPEs almost tripled in March.

6 April 2020 Konstantinos Papagrigoris

Non-Performing Loans (NPLs) has almost tripled in March .
The situation updates the “Bad Bank” scenario.

Cairo Project remains on Track
Highlights

Cairo Project remains on Track

15 March 2020 Christos Ziotis

SSM guided for 25 RWA on senior tranche under Hercules protection scheme. Cairo project relates to the secularization  7.5 bn…

Greece will not give cash Collateral for Senior Bonds
News

Greece will not give cash Collateral for Senior Bonds

4 March 2020 Planitas Translation

Single Supervisory Mechanism (SSM) will examine case by case each tranche of securitized senior bonds covered by Hellenic State Guarantee…

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MOST READ

  • Eurobank puts retail loans in default up for sale 11 March 2026
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  • How many billions in loans do the servicers manage? 18 March 2026
  • Strategic partnership between FinTHESIS and LAMDA Development  for exclusive mortgage brokerage 10 March 2026
  • Eurobank: The Moon project has been launched 12 March 2026
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  • doValue Greece: Recognition of innovation and digital transformation
  • Bonus for the banks after the deal for Avramar
  • New regulation for the protection of primary residence
  • How many billions in loans do the servicers manage?
  • The settlement for Swiss franc loans has been put on hold 
  • Countdown for the Real Estate Acquisition and Leaseback Agency
  • National Bank of Greece: The “Etalia B” transaction with the EOS Group has been completed
  • Eurobank’s real estate portfolio at €0.93 billion
  • Intrum is offering the ECHOR package at a 30% discount—Velanis and Stengos are vying for it
  • National Bank of Greece: €100 million in non-performing loans sold to Bain Capital
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue doValue Greece Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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