H1 bank results show performance stabilising, laying ground for further improvement
Eurobank net profits at 6 mln in Q2 amid increasing securitisations
Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
Capital controls to be abolished ahead of schedule
Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
The recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has dropped dramatically.
The amount reported HFSF's Q1 financial statements is attributed to accounting gains (unrealized capital gains) of 1.43 billion from bank holdings and warrants.
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