will disburse funds from a 25 billion euros bank recapitalisation basket included in the country's latest 86 billion euros bailout.
The ECB's health check showed that Eurobank, which is 35.4% owned by the bank bailout fund HFSF
, needs to cover a capital shortfall of e1/42.12 bln - the lowest among the four lenders,
This is mainly because the volume of NPLs held by Greek banks vastly exceeds the EUR10.9bn HFSF
buffer that would serve as capital for the bad bank.
In April 2012, the HFSF
committed to participate in the planned share capital increases of the four banks.
As a result, Lewandowski developed a design that enables a flexible use of both the more conventional optics and the new nonimaging concepts in a high-flux solar furnace (HFSF
Piraeus Bank is 26.2 percent owned by Greece's bank rescue fund, HFSF
The Hellenic Financial Stability Fund (HFSF
) has recently launched a study regarding this pertinent issue of "common borrowers".
The bill states that the bank-rescue fund called the Hellenic Financial Stability Fund (HFSF
) will have full voting rights on any shares it acquires from banks in exchange for providing state aid.
Under the bill, Greece's HFSF
bank bailout fund will plug any capital gap beyond the ECB's baseline scenario if banks cannot raise it in the market, by buying a mix of new shares and contingent convertible bonds (CoCos) they will issue.
The Hellenic Financial Stability FundEe(HFSF
), GreeceEe's bank bailout fund, will cover any additional capital needs found in the ECB health checkEe's adverse scenario if the money cannot be raised in the market, the banking sources told Reuters, as the authorities finalise their recapitalisation framework.
The almost 11 bln euros in euro zone bailout fund bonds for Greek bank recapitalisation is now held by the Hellenic Financial Stability Fund (HFSF