HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings

EconomyBanking Tags: Banking, HFSF

The Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday

This year’s bottom line result was weighed by valuation losses of 1.05 billion, of which 1 billion relates to HFSF participation in the four systemic Greek banks.

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