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Economy

Exposure of Credit Institutions to Hellenic Development Bank Guaranteed by Greek state

ATHENS – By decision of Bank of Greece (BoG) governor Yannis Stournaras, the exposure of credit institutions to the Hellenic Development Bank SA is guaranteed by the Greek State and is treated as exposure to the central government, according to a BoG statement.

"Consequently, there is no risk difference between exposure to the Hellenic Development Banks and exposure to the Greek State," it said.

The decision of the governor of the Bank of Greece was published in the Government Gazette and is based on the fact that Hellenic Development Bank SA, in accordance with paragraph 8 of Article 4 of Regulation (EU) No 575/2013, is a public-sector entity.

 

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