Friday November 28, 2014 Search
Weather | Athens
14o C
8o 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)  
PPC profits power up in Jan-Sept
Papastratos banking on exports
Saudi group Olayan to enter Costa Navarino
Bank-financed property transactions rise a notch
Seven PASOK MPs voice support for party leader
Seven PASOK MPs on Thursday publicly backed Deputy Prime Minister Evangelos Venizelos and his plans for the party to play a leading role in a broader center-left alliance after ex-leader Geo...
New law could transfer control of unused buildings
Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament. According ...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PPC profits power up in Jan-Sept
2. Papastratos banking on exports
3. Saudi group Olayan to enter Costa Navarino
4. Bank-financed property transactions rise a notch
5. Seven PASOK MPs voice support for party leader
6. New law could transfer control of unused buildings
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Chief suspect in Piraeus bar shooting arrested
4. Greece scrambles to find food, shelter for 700 migrants on crippled ship
5. Scraping together the 180 MPs will not be enough
6. Troika talks to continue after failure to wrap up negotiations in Paris
Today
This Week
1. Give Greece a chance
2. Scientists expand excavation of ancient Amphipolis
3. Extremism from a bygone era
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.