Relationship Framework Agreements

The Fund in order to provide for the implementation of its scope and objectives, but also in order to safeguard its rights, enters into relationship framework agreements (RFAs) with all credit institutions that are or have been beneficiaries of financial assistance by the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM) and also with any credit institution which emerges due to the transfer of the banking activities of the original credit institution which takes place via partial demerger or spin off, in the context of a corporate transformation provided in law 4601/2019.

Following the share capital increases of the systemic banks in November and December of 2015, HFSF and the four systemic banks proceeded with the signing of the amended RFAs, which are still in force today, to reflect HFSF’s objectives and rights, deriving from its participation in their share capital increases.