Eurobank applies for Hercules NPL programme

Hercules_AdobeStock_575x375_27Feb20
By Tom Brown
27 Feb 2020

Eurobank has submitted applications for the senior tranches of a securitization backed by a €7.5bn loan portfolio to qualify for the Hellenic Asset Protection Scheme, known as ‘Hercules’, making it among the first to qualify for the programme if it is approved.

The securitization, named Cairo, is made up of three transactions of differing sizes, and with different types of loan claims, split into Cairo I, II and III. 

On Wednesday, Eurobank announced that it has submitted two applications to the Ministry of Finance for opting-in to the Hercules programme ...

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