National Bank of Greece files for the “Hercules II” program

The application refers to the securitization of National Bank of Greece’s (NBG) loans with the code name “Frontier II”, with a total book value of €1 billion, in order to receive the Greek State’ guarantee, according to Law 4669/2019, to high repayment bonds, worth €460 million.

These are secured loans for large, small and medium-sized enterprises as well as housing and consumer loans.

The NBG is the fourth credit institution to apply for membership in the “Hercules II” program, for which a total of five applications have been submitted.