{"id":6167,"date":"2013-01-18T14:55:31","date_gmt":"2013-01-18T14:55:31","guid":{"rendered":"https:\/\/hfsf.odh.gr\/?p=6167"},"modified":"2021-01-07T16:15:20","modified_gmt":"2021-01-07T16:15:20","slug":"establishment-of-the-new-hellenic-postbank","status":"publish","type":"post","link":"https:\/\/hfsf.odh.gr\/en\/establishment-of-the-new-hellenic-postbank\/","title":{"rendered":"Establishment of “New Hellenic Postbank” with the HFSF as its sole shareholder."},"content":{"rendered":"\t\t
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<\/p>\n

Safeguarding depositors and customers<\/em><\/p>\n

The Hellenic Financial Stability Fund (HFSF) announces the immediate establishment and capitalisation of the \u201cNew Hellenic Postbank\u201d, following a proposal by the Bank of Greece and a decree made by the Ministry of Finance thereon, in accordance with the provisions of L. 3601\/2007. The HFSF will be the sole shareholder of the \u201cNew Hellenic Postbank\u201d. In addition, the HFSF will cover the funding gap of the transferred perimeter, as provisionally determined by the Bank of Greece.<\/p>\n

Such a solution strengthens the banking system, is aligned with European practices
concerning resolution issues and was implemented in accordance with the current
national legislation.<\/p>\n

All customer deposits, the branch network, the sound business activities, as well as
the largest part of the assets of the former institution are transferred into the \u201cNew
Hellenic Postbank\u201d.<\/p>\n

HFSF\u2019s short term objective, as the sole shareholder of the \u201cNew Hellenic Postbank\u201d,
is its smooth integration in the new competitive landscape of the Greek banking sector
currently being formed. At a next stage, its sale to another bank will be sought.<\/p>\n

The new management of the bank comprised of experienced professionals of the
former bank and the banking system enjoys the confidence of the HFSF and
undertakes to ensure its seamless operations. The establishment of the \u201cNew Hellenic
Postbank\u201d safeguards customer deposits and ensures the smooth servicing of its
existing customer base.<\/p>\n

Depositors, customers and generally those transacting with the bank should note that
they can continue executing their transactions with exactly the same way they did to
date.<\/p>\n

The establishment of the \u201cNew Hellenic Postbank\u201d is another act reflecting the State\u2019s
determination and the effective involvement of BoG and the HFSF so as to promote
the resolution and the reinforcement of the Hellenic banking system\u2019s capital
adequacy, thereby contributing in the recovery of the Greek economy.<\/p>\n

A call center is operating to inform the public as regards the \u201cNew Hellenic Postbank\u201d (tel.: +30 210 98 92 800). Advisor of the HFSF for the establishment of the transitional credit institution is Alvarez & Marsal.<\/p>\n

\u00a0<\/p>\n

Press Release<\/a><\/strong><\/p>\n

<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Safeguarding depositors and customers The Hellenic Financial Stability Fund (HFSF) announces the immediate establishment and capitalisation of the \u201cNew Hellenic Postbank\u201d, following a proposal by the Bank of Greece and a decree made by the Ministry of Finance thereon, in accordance with the provisions of L. 3601\/2007. The HFSF will be the sole shareholder of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"yoast_head":"\nEstablishment of "New Hellenic Postbank" with the HFSF as its sole shareholder. - Hellenic Financial Stability Fund<\/title>\n<meta name=\"description\" content=\"The Hellenic Financial Stability Fund (HFSF) announces the immediate establishment and capitalisation of the \u201cNew Hellenic Postbank\u201d\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Establishment of "New Hellenic Postbank" with the HFSF as its sole shareholder. - Hellenic Financial Stability Fund\" \/>\n<meta property=\"og:description\" content=\"The Hellenic Financial Stability Fund (HFSF) announces the immediate establishment and capitalisation of the \u201cNew Hellenic Postbank\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hfsf.odh.gr\/en\/establishment-of-the-new-hellenic-postbank\/\" \/>\n<meta property=\"og:site_name\" content=\"Hellenic Financial Stability Fund\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-18T14:55:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-07T16:15:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hfsf.odh.gr\/wp-content\/uploads\/2020\/09\/hfsf-icon.png\" \/>\n\t<meta property=\"og:image:width\" content=\"710\" \/>\n\t<meta property=\"og:image:height\" content=\"828\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hfsf.odh.gr\/#website\",\"url\":\"https:\/\/hfsf.odh.gr\/\",\"name\":\"Hellenic Financial Stability Fund\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/hfsf.odh.gr\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hfsf.odh.gr\/en\/establishment-of-the-new-hellenic-postbank\/#webpage\",\"url\":\"https:\/\/hfsf.odh.gr\/en\/establishment-of-the-new-hellenic-postbank\/\",\"name\":\"Establishment of \\\"New Hellenic Postbank\\\" with the HFSF as its sole shareholder. - Hellenic Financial Stability Fund\",\"isPartOf\":{\"@id\":\"https:\/\/hfsf.odh.gr\/#website\"},\"datePublished\":\"2013-01-18T14:55:31+00:00\",\"dateModified\":\"2021-01-07T16:15:20+00:00\",\"author\":{\"@id\":\"https:\/\/hfsf.odh.gr\/#\/schema\/person\/6ab52d0e7e520e35657eef987a95074c\"},\"description\":\"The Hellenic Financial Stability Fund (HFSF) announces the immediate establishment and capitalisation of the \\u201cNew Hellenic Postbank\\u201d\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/hfsf.odh.gr\/en\/establishment-of-the-new-hellenic-postbank\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/hfsf.odh.gr\/#\/schema\/person\/6ab52d0e7e520e35657eef987a95074c\",\"name\":\"spetroula\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/posts\/6167"}],"collection":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/comments?post=6167"}],"version-history":[{"count":8,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/posts\/6167\/revisions"}],"predecessor-version":[{"id":11167,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/posts\/6167\/revisions\/11167"}],"wp:attachment":[{"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/media?parent=6167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/categories?post=6167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hfsf.odh.gr\/en\/wp-json\/wp\/v2\/tags?post=6167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}