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What is pushing any extension of ‘Hercules’ and what are the difficulties

By Leonidas Stergiou In October, the 18-month extension of the Herakles red loan securitization scheme (Herakles 2) expires and there are already considerations for a new time extension. The reason is the three securitizations of bad...

National Bank: Application for inclusion in the ‘Hercules II’ program of Frontier II

As part of its Transformation Program, the National Bank of Greece SA has started the process of securitization of a portfolio of non-performing loans codenamed "Frontier II", with a total book value of 1 billion euros. The...

DBRS: The ‘Hercules’ program must be extended again beyond October 2022

Of Eleftheria Kourtali Given the challenges posed by price increases and the Russian invasion of Ukraine, according to DBRS, it is premature to abolish an effective tool like "Hercules" when it is scheduled to expire in October...