Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bank stock growth brings gains for HFSF

By Yiannis Papadoyiannis

The local stock markets strong upward trajectory means that the Hellenic Financial Stability Fund (HFSF), which recapitalized Greeces main banks last year, has recovered almost all of the 24.4 billion euros spent on Alpha, Piraeus, National and Eurobank.

The Alpha stock stands at 0.695 euros or 58 percent higher than the share capital increase price of 0.44 euros, while the stocks of Piraeus and National are currently just 2.35 percent and 2.80 percent lower respectively than when acquired by the HFSF.

Eurobank is the only lender bringing losses to the fund, having failed to attract any private capital.

Therefore, according to the current capitalization of the four systemic lenders, the value of the HFSFs holdings amounts to 21 billion euros. When one adds the 8 billion euros that remain unused in the fund after the recap, the government could in theory expect to collect some 30 billion euros from the package of 50 billion set aside for the recovery of the domestic credit sector, provided banks do not require any additional funds according to the results of the stress tests by BlackRock Solutions.

ekathimerini.com , Wednesday Jan 8, 2014 (22:55)  
Aegean Airlines resumes flights to Tel Aviv
Draghi safety net becoming blindfold as bonds soar
Illegal betting worth 5.5-6 billion euros
Wait is still on for many taxpayers
PPC to look into death of disabled customer
The Public Power Corporation (PPC) launched an administrative inquiry on Thursday into why electricity supplied to the home on Crete of a quadriplegic customer on life support was cut, resul...
Boutaris plans Islamic art museum for Thessaloniki
Thessaloniki Mayor Yannis Boutaris on Thursday announced plans to establish a museum of Islamic art in Greeces northern port city. Boutaris, who was re-elected in May, told Kathimerini he h...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the countrys fate since then are unable to act their age. For decad...
EDITORIAL
Putting the past behind us
Democracy was restored in Greece 40 years ago and the country owes a debt to Constantine Karamanlis for handling the transition and anchoring the country firmly in the safe port of Europe wi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Aegean Airlines resumes flights to Tel Aviv
2. Draghi safety net becoming blindfold as bonds soar
3. Illegal betting worth 5.5-6 billion euros
4. Wait is still on for many taxpayers
5. Hardouvelis to push for milestones target
6. IMF insists on eurozone lightening Greeces debt
more news
Today
This Week
1. Draghi safety net becoming blindfold as bonds soar
2. Aegean Airlines resumes flights to Tel Aviv
3. Quadriplegic woman on life support 'dies due to unpaid power bills'
4. Efforts continue on Crete to find 'Sifis' the crocodile
5. Democracy 'retreated' during crisis, says Papoulias
6. Family of deceased woman on life support says application for 'special status' had been filed with PPC
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Greek banks able to tap investors after stress tests, HFSF Says
5. Unequal after death
6. Death on MH17 and our global war
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.