On 15 November 2022, the HFSF’s Board of Directors approved the issuance of the annual financial report of the Fund, in compliance with the provisions of par. 2 of article 13 of its founding law (3864/2010).
The financial results are issued, as usually, following the publication of the annual financial report for the year ended 31.12.2021 by all credit institutions, in the share capital of which the Fund participates or it has funded according to the provisions of Law 3864/2010 and Law 3601/2007 (credit institutions under liquidation, of which the Fund covered the funding gap). The issuance of HFSF’s financial results also follows the issuance of the corresponding results of the Single Liquidator for the credit and financial institutions under liquidation in Greece (PQH).
Especially for the banks under liquidation, the Single Liquidator implements a strategic sale plan of loan portfolios, after thorough planning and within the regulatory framework established by the Bank of Greece. As a result, a significant part of the loan portfolio of the Banks under Liquidation will be recovered through sale process. The management of the Single Liquidator is constantly evaluating the investment environment, as well as the investment interest in the purchase of loan portfolios.