HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls

EconomyBanking Tags: Banking, HFSF

The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.

The equity movement reflects the negative impact from the return of the unused 10.93 billion euros in EFSF bonds in February last year, following a decision taken at the February 20 Eurogroup, and the losses of 10.16 billion for 2015, which were partly ...

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