Tuesday October 21, 2014 Search
Weather | Athens
24o C
11o 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 country’s four systemic lenders thanks to the share capital increases and the exercise of acquisition rights, known as warrants.

At Thursday’s 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 fund’s 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 HFSF’s 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)  
Feverish talks on payment plan proposals
TUI promises even more tourists
Greek yields drop to 7.83 pct as investors await ECB move
Athens bourse index leaps on big bank gains
Archaeologists find missing head of Amphipolis sphinx
Archaeologists digging at a tomb dating to the era of Alexander the Great in ancient Amphipolis in northern Greece have found the missing head of one of the two sphinxes guarding the entranc...
Coalition leaders prepare for troika amid sour mood
A dispute between New Democracy and PASOK over civil servants’ salaries continued Tuesday, underlining the big task facing Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos ...
Inside News
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
The ECB collateral for Greece must be lowered to 5 pct
According to recent reports, the European Central Bank plans to reduce the “57 percent penalty,” that is the discount applied to almost all Greek government bonds (GGBs) held as collateral b...
INTERVIEW
The past, present and future of the Greek debt crisis
For a decade, until mid-2012, Josef Ackermann was the CEO at Deutsche Bank. It was a position that earned him the nickname “shadow chancellor” of Germany and allowed him to play a decisive r...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Feverish talks on payment plan proposals
2. TUI promises even more tourists
3. Archaeologists find missing head of Amphipolis sphinx
4. Coalition leaders prepare for troika amid sour mood
5. Parties at odds over university ID checks
6. At Defense Ministry, Tsipras assures policy continuity
more news
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Gang importing heroin into Greece busted
3. Self-opposing coalition
4. Greece said to seek tailor-made plan for bailout exit
5. Gutsy rectors
6. Applications for heating oil subsidy set to start
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Istanbul skyscraper casts shadow over Greece's banking ambitions
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.