Hellenic Financial Stability Fund
IMF sees rise in Athens property rates
International Monetary Fund data are showing an impressive annual growth rate of 5 percent in Athens property prices from 2013 to 2017, though rates in the rest of the country slid by 5 percent every year over that period.
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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.
Banks could save billions acting quick
Banks could obtain a benefit of 7 billion euros from the acceleration of judicial procedures and of the liquidation of collateral regarding nonperforming loans - which typically are real estate properties - according to a Bank of Greece report on the Greek credit system issued on Tuesday.
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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.
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Piraeus Bank finally appoints new CEO
Former Eurobank chief executive officer Christos Megalou is the new head of Piraeus Bank, completing the administrative changes in the group after more than a year.
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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.
HFSF to grind to a halt unless law changes
The HFSF bank bailout fund may be forced to roll down its shutters on Thursday due to the administrative crisis that has been dogging it since last summer.
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Search for Greek bank rescue fund CEO ongoing
Greece's HFSF bank rescue fund is seeking new applications for the role of chief executive after two previous candidates turned down the job because they feared it could be short-term.
The Hellenic Financial Stability Fund said the term of the new CEO will be renewable but cannot run beyond the end of June 2020.
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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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NBG proceeds to repayment of CoCos
National Bank of Greece announced on Thursday it has proceeded to the repayment of contingent convertible bonds (CoCos) amounting to 2.03 billion euros which it issued in December 2015 and were held by the Hellenic Financial Stability Fund (HFSF).
[Reuters]
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