Hellenic Financial Stability Fund

Plan to offer collateral for NPLs to hold off fire sales

Authorities are considering a proposal that foresees banks being offered collateral for nonperforming loans through a special investment vehicle for their immediate capital relief and the efficient tackling of the bad-loan problem. Kathimerini understands that a study to that effect has already been processed by the Hellenic Financial Stability Fund.

Martin Czurda is appointed HFSF CEO

Greece picked Austrian banker Martin Czurda as the new chief executive of its bank bailout fund HFSF, an official at the Fund told Reuters on Thursday.

"The appointment was published in the Government Gazette today," the official said.

The Hellenic Financial Stability Fund had been looking to fill the post for months.

Wanted: A CEO willing to hold Greek banking's 'poisoned chalice'

Wanted: a chief executive to run Greece's bank-rescue fund. Job description: work hard and pray for a miracle.

Greece has failed to find a boss for its Hellenic Financial Stability Fund since July, when its three-member executive team resigned. A new CEO, offered the job in late October quit a week later. His predecessor, an interim boss, had lasted two months.

Piraeus CEO appointment put off for 2017

The process for the appointment of a new chief executive officer will resume in 2017, Piraeus Bank's governing board decided on Monday.

Earlier, the majority of the board had voted down the lone candidacy of Christos Papadopoulos due to reservations expressed by the European Central Bank's Single Supervisory Mechanism (SSM).

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