{"id":6226,"date":"2013-07-30T07:42:45","date_gmt":"2013-07-30T07:42:45","guid":{"rendered":"https:\/\/hfsf.odh.gr\/?p=6226"},"modified":"2021-01-07T15:44:04","modified_gmt":"2021-01-07T15:44:04","slug":"first-half-2013-activities-report-of-the-hellenic-financial-stability-fund-hfsf","status":"publish","type":"post","link":"https:\/\/hfsf.odh.gr\/en\/first-half-2013-activities-report-of-the-hellenic-financial-stability-fund-hfsf\/","title":{"rendered":"First Half 2013 Activities Report of the Hellenic Financial Stability Fund (HFSF)"},"content":{"rendered":"\t\t
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Today, Tuesday 30 July 2013, the Hellenic Financial Stability Fund (HFSF)
announced its activities report, which covers the period from January to June 2013.<\/p>\n

The main points of the report are:
1. The successful completion of the recapitalization<\/strong> of the four systemic
banks (Alpha Bank, National Bank of Greece, Eurobank and Piraeus Bank)
within schedule. The final HFSF contribution to the recapitalization was EFSF
bonds with a nominal value of \u20ac24,998 ml, while the total share capital
increase amount for the four banks was \u20ac28,595 ml. The participation of the
private sector (exceeding 10%) at three banks and the valuation of the
EFSF\u2019s bonds which were given to the banks at a premium above par
resulted in the lower utilisation of the EFSF resources which have been
committed for the Greek banking sector by \u20ac3,597 ml.
2. Signing of the Relationship Framework Agreements (RFAs)<\/strong> between
HFSF and the banks which have received capital support from the Fund. The
Framework Agreement determines the relationship between the banks and
HFSF as well as issues that deal with corporate governance and the
cooperation framework of each bank.
3. Issues per systemic bank<\/strong><\/p>\n