The Financial Stability Fund (“HFSF” or “Fund”) faithful to the priority of shielding and strengthening the banking system for the benefit of the national economy welcomes the three new Independent Non-Executive Members of the Board of Directors of Attica Bank, Messrs. Emilio Giannopoulos, Grigoris Zarifopoulos and Ioannis Zografakis, who were elected today by the Board […]
Tag: ΤΧΣ
Elias Xirouhakis (HFSF): Greek banks have entered the path of growth
The revised business plans of the banks reflect the significant growth prospects of the country’s economy for the coming years, he pointed out. Chief Executive Officer of the HFSF Mr. Elias Xirouchakis. He explained that this growth is expected to be based, inter alia, on the inflow of resources from the Recovery and Resilience Fund), […]
The final changes in the law on HFSF
By Leonidas Stergiou Following the agreement in principle between the institutions and the government on the new role of the Financial Stability Fund and the investment strategy of the banks during the 13th evaluation, the details are in the technical steps. However, it is the details that make the difference and they are the ones […]
The HFSF supports the new management of Attica Bank
The Financial Stability Fund announces the welcome of the new CEO of Attica Bank, Michalis Andreadis, and the new members of the Board of Directors of the Bank who are taking office. “Mr. Michalis Andreadis has the necessary experience and knowledge of the Bank so that together with the renewed Board of Directors to make […]
Michalis Andreadis, new CEO of Attica Bank
By Leonidas Stergiou Administrative changes in Attica Bank are expected to be announced within the day, after the completion of the Board of Directors of the Bank that is meeting now. According to his information Capital.gr, for the position of the current managing director, Theodoros Pantalakis, has been proposed by the Financial Stability Fund, Michalis […]
Nikolas Valantasis is the new Deputy Chief Executive Officer of the HFSF
Mr. Nikolas Valantasis, a renowned executive with extensive international experience in retail, corporate and investment banking, is from January 24, 2022 the new Deputy Chief Executive Officer at the Financial Stability Fund. During his twenty years in office, Mr. Valantasis has held numerous leadership positions at leading international banking and consulting firms such as McKinsey […]
What changes in the HFSF veto on banks
By Leonidas Stergiou The abolition of the veto of the Financial Stability Fund (FSF) in the decisions of the banks results in the bill under preparation. The veto, ie the use of the special rights of the Fund in the decisions of the banks, seems to be maintained only in the case of share capital […]
HFSF bell to banks for capital increase and risk reduction
By Leonidas Stergiou Greek systemic banks may have appeared more resilient than in the past in the stress tests of 2021, however they are more “weak” in the capital impact under the adverse scenario in view of the stress tests of 2023, according to an analysis by the Financial Stability Fund . For this reason, […]
With 24.6% Ellington-TMEDE in Attica Bank
By Leonidas Stergiou Following the agreement between the HFSF and the TMEDE-Ellington scheme, their participation in the increase of the share capital of Attica Bank changed the percentages of the main shareholders. According to the decision of the BoD. of Attica Bank, after the distribution of the new shares with a total value of 240 […]
Starting point of Attica Bank’s HFSF agreement with TMEDE and Ellington
The completion of the process of exercising rights in the capital increase of Attica Bank A.T.E. is the starting point of the Bank’s reform and development course. The Financial Stability Fund (FSF) has entered into a basic transaction agreement with the Fund of Engineers and Public Works Contractors (“TMEDE”) and the companies “Ellington Solutions SA.” […]