ECONOMY

Greek bank bailout fund sees big losses in 2015

Greek bank bailout fund sees big losses in 2015

The Hellenic Financial Stability Fund (HFSF) incurred significant losses last year due to the sharp drop in the prices of Greek bank shares, according to its annual report for 2015.

The losses from financial instruments, including the revaluation of banks’ shares, warrants and contingent convertibles (CoCos) held by the HFSF, were 9,334.2 million euros compared to 9,694.9 million euros in 2014.

Banking

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
NPLs held by Greek banks post drop in H1
ECONOMY

NPLs held by Greek banks post drop in H1

Greek banks’ reliance on ELA keeps declining
ECONOMY

Greek banks’ reliance on ELA keeps declining

Greek banks offer incentives to lure back ‘mattress’ cash
ECONOMY

Greek banks offer incentives to lure back ‘mattress’ cash

Greece’s NBG concludes securitization of business loans
ECONOMY

Greece’s NBG concludes securitization of business loans

Dealmaker Staveley eyes 2-bln-dollar opportunities in Greek bank loans
ECONOMY

Dealmaker Staveley eyes 2-bln-dollar opportunities in Greek bank loans

Lighter capital controls to start Monday
ECONOMY

Lighter capital controls to start Monday