National Bank of Greece files for the "Hercules II" program
National Bank of Greece files for the "Hercules II" program
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National Bank of Greece files for the "Hercules II" program

The NBG is the fourth credit institution to apply for membership in the "Hercules II" program.
RE+D magazine
30.06.2022
The National Bank of Greece (NBG) has submitted the first application ever filled to the Ministry of Finance for inclusion in the guarantee program of the Greek State in securitizations of credit institutions "Hercules II".

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.


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