Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
HFSF sees holding in banks drop

Anastasia Sakellariou, chief executive officer of the Hellenic Financial Stability Fund

By Evgenia Tzortzi

The HFSF bank bailout fund has reduced its combined stakes in the countrys four systemic lenders thanks to the share capital increases and the exercise of acquisition rights, known as warrants.

At Thursdays prices, the current value of its holdings in National Bank, Alpha, Eurobank and Piraeus stands at 18.5 billion euros. In the context of the first recapitalization, the HFSF placed about 25 billion euros through the share capital increases of the four main banks. At the end of March the value of the HFSF shares had reached 25.1 billion euros, while at the end of last year it had stood at 22.6 billion.

The funds quarterly financial report for the January-March period showed that the total revenues of the HFSF came to almost 1.45 billion euros, mainly through the favorable valuations of its stock portfolio and the negative impact of the increase in warrant valuations. Revenues from interest amounted to 19 million euros, mostly from the bonds of the European Financial Stability Facility (EFSF).

The HFSFs cash reserves expanded to 533 million euros, showing a considerable 489-million-euro increase from the last quarter of 2013, due to the recovery of resources from the liquidation of the assets of the banks that have been placed in a state of resolution. The investment portfolio of the HFSF, not including interest, amounted to 10.93 billion euros.

ekathimerini.com , Thursday Jul 10, 2014 (23:28)  
Troika, ministry close to deal on corporate debts
Greek bonds rise on speculation ECB to allow bank-loan purchases
Greek factory activity returns to contraction in September - PMI
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
Incoming EC President Jean-Claude Juncker to visit Athens
Incoming European Commission President Jean-Claude Juncker is expected to visit Athens on Friday, the Commission's press office confirmed on Wednesday. The former prime minister of Luxembour...
Seven arrested in Greece in migrant smuggling ring
Greek police say they have arrested seven people, including an airline pilot and a ground crew staff member, on suspicion of participating in a ring smuggling migrants onto flights from Thes...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Troika, ministry close to deal on corporate debts
2. Incoming EC President Jean-Claude Juncker to visit Athens
3. Greek bonds rise on speculation ECB to allow bank-loan purchases
4. Seven arrested in Greece in migrant smuggling ring
5. Velvento banks robbers not terrorists, court rules
6. Greek factory activity returns to contraction in September - PMI
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Truth before the battle
3. Thessaloniki transport gets more expensive
4. Smallpox decimates sheep stocks in northern Greece
5. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
6. Bending the rules
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.