x

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.

 

RELATED

ATHENS - Greece's draft state budget for 2023 is expected to be finalized this coming week, before its tabling in Parliament on October 3.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Mitsotakis at UN Calls on Turkey to Scale Down Rhetoric

UNITED NATIONS – The European Union's response to authoritarianism and a threat to democracy, Turkey's escalating aggression, and the threat of climate change were the focus of Greek Prime Minister Kyriakos Mitsotakis' brief address to the 77th United Nations General Assembly on Friday night (Athens time).

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.