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Tag: Plan "Hercules"

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...

Intrum: Great interest in the secondary loan market

The activation of the secondary loan market in combination with the inflow of new investment funds is expected to enhance market liquidity, ensuring the smooth implementation of the Hercules program, said Mr. Akis Bis, Managing Director...

Italy to ask EU for up to two years extension of its ‘Hercules’ for NPLs

Italy plans to launch a round of negotiations with the European Commission to extend the guarantee mechanism to help banks with non-performing loans (NPLs) by up to 24 months, according to sources familiar with the matter....

Why do funds sell securitized loans to other investors?

By Leonidas Stergiou The secondary market for securitized red loans has started with large transactions. Funds that had bought securitized red loans from banks through Hercules, create smaller portfolios which they sell to other investors. ...

G. Zavvos: ‘Hercules’ example for dealing with NPLs for other countries

The reform of "Iraklis" is important not only for Greece but also for the course of European integration, while it can be an example for dealing with non-performing loans (NPLs) both inside and outside the EU,...

How Greece saved a debt increase of at least 23 billion euros

By Tasos Dasopoulos Without drama, it seems that the issues opened by Eurostat in the last audit of the Greek financial data that it did last month are closing. Examining the guarantees of the state,...