HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings

EconomyBanking Tags: Banking, HFSF

The Hellenic Financial Stability Fund (HFSF) posted net losses of 1.25 billion euros in the 9-month period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday.

This year’s bottom line result was dragged down by revaluation losses of 1.17 billion euros, of which 1.12 billion relates to HFSF shareholding in the four systemic Greek banks.

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