Tag Archives: Non performing loan (NPL)

Hercules – an astronomical boost for NPL securitisation

Read time: 2 minutes The recent news that the Greek parliament has approved the Greek government guarantee programme Hercules marks an important milestone in the evolution of the European non-performing loan (NPL) securitisation market. If Hercules enjoys the same level of success that we have witnessed the Italian GACS deliver, then this will have widespread, … Continue Reading

Greek’s bad debt exposure – Hercules to the rescue!

Read time: 2 minutes In a push to tackle Greek’s bad debt exposure, the Greek Parliament has approved a new asset purchase scheme nicknamed ‘Hercules’. The scheme aims to assist Greek banks deleverage their non-performing loans (NPLs) without the need for the government to step in with subsidies. Under the scheme, banks will sell non-performing … Continue Reading
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