natgillin/translations-raw huggingface dataset:
The restructuring plan shows that the Bank is able to withstand a reasonable amount of stress as, in the adverse scenario, the Bank remains profitable at the end of the restructuring period and keeps a sufficiently high Core Tier 1 ratio [146].
Vastavalt ümberkorraldamisteatise punktile 5 nõutakse korrapäraste aruannete esitamist, et komisjonil oleks võimalik kontrollida ümberkorralduskava nõuetekohast rakendamist.
The amount of additional capital which was raised in 2014, namely EUR 2500 million, is sufficient to cope with the baseline scenario of the stress test of 2013.
Järeldus meetmete A, B1, B2 ja B3 ümberkorraldamisteatisega kokkusobivuse kohta
In the assessment of the capital needs under the baseline scenario, the Bank of Greece already introduced several adjustments which resulted in an increase of the estimated capital needs compared to the capital needs estimated by the Bank in its own baseline scenario.
Komisjon on seisukohal, et ümberkorralduskava koos käesoleva otsuse lisas loetletud kohustustega tagab panga pikaajalise elujõulisuse taastamise, on kulude jagamise ja omapanuse osas piisav ning sisaldab piisavaid meetmeid konkurentsi moonutava mõju piiramiseks.
The baseline capital needs estimated by the Bank of Greece therefore assume a certain level of stress.
Esitatud ümberkorralduskava ja kohustused vastavad ümberkorraldamisteatises esitatud tingimustele.
In addition, it is positive that the Bank will not make additional investments in non-investment grade paper, which will help to preserve its capital and liquidity position.
Komisjon avaldab kahetsust, et Kreeka on ebaseaduslikult rakendanud abimeetmeid B1, B2, B3, FB4, FB5, PB1 ja PB2 ning rikkunud seega aluslepingu artikli 108 lõiget 3, kuna kõnealuseid meetmeid rakendati enne neist ametlikult teatamist.
The Commission can therefore conclude that the restructuring measures envisaged in the restructuring plan are sufficient to restore the viability of the Bank.
Nimetatud meetmeid, nagu ka teisi käesolevas otsuses analüüsitud meetmeid, võib siiski pidada siseturuga kokkusobivaks,
As stated in section 3 of the Restructuring Communication, banks and their stakeholders need to contribute to the restructuring as much as possible in order to ensure that aid is limited to the minimum necessary.
ON VASTU VÕTNUD KÄESOLEVA OTSUSE:
Thus banks should use their own resources to finance the restructuring, for instance by selling assets, while the stakeholders should absorb the losses of the bank where possible.
Artikkel 1
The commitments made by Greece should ensure that own resources are used and that original shareholders and private investors, holding hybrid capital of the Bank, contribute to the restructuring.
Järgmised Kreeka teostatud või kavandatud meetmed kujutavad endast riigiabi aluslepingu artikli 107 lõike 1 tähenduses:
Own contribution by the Bank: divestments and cost-cutting
Kreeka keskpanga poolt National Bank of Greece S.A.-le (edaspidi „NBG”) antud ja Kreeka tagatud erakorraline likviidsusabi (meede L2);
The Bank has already divested some small businesses such as the insurance activities in Turkey and a majority stake in its real estate subsidiary.
Kreeka finantsstabiilsuse fondi (edaspidi „HFSF”) poolt 2012. aasta detsembris NBG-le võimaldatud teine ajutine rekapitaliseerimine summas 2326 miljonit eurot (meede B2);
The restructuring plan foresees the sale of a minority stake in Finansbank, as described in recital 387, which will enable the Bank to generate capital internally.
HFSFi poolt 2013. aasta kevadel NBG-le võimaldatud rekapitaliseerimine summas 8677 miljonit eurot (meede B3);
The Bank will also sell […] as well as its private equity subsidiary and other securities.
First Business Bank S.A.-lt (edaspidi „FB Bank”) NBG-le üle antud tegevusega seotud rahastamispuudujäägi katmine 456,97 miljoni euro suuruses summas HFSFi poolt 2013. aasta juunis ja oktoobris (meede FB4);
Considering the deleveraging and the divestments already implemented and following the implementation of the commitments related to the deleveraging and divestments of foreign businesses, the Bank will have generated a significant amount of capital.
FB Bankilt NBG-le üle antud varade omandamisega seotud kapitalivajaduste katmise kohustus, mis võeti 2013. aasta mais summas 100 miljonit eurot (meede FB5);
The downsizing of the Bank's international assets will also significantly reduce the contingent risk that aid will be needed in the future.
Probank S.A.-lt NBG-le üle antud tegevusega seotud rahastamispuudujäägi katmine 562,73 miljoni euro suuruses summas HFSFi poolt 2013. aasta augustis ja detsembris (meede PB1); ning
It therefore helps in reducing the amount of aid to the minimum.
Probankilt NBG-le üle antud varade omandamisega seotud kapitalivajaduste katmise kohustus, mis võeti 2013. aasta juulis summas [180–280] miljonit eurot (meede PB2).
In order to limit its capital needs, the Bank will not use […], as described in recital 154.
Cooperative Bank of Lesvos-Limnos, Cooperative Bank of Achaia ja Cooperative Bank of Lamia pankadelt NBG-le üle antud valitud varade ja kohustustega seotud rahastamispuudujäägi katmine 325,8 miljoni euro suuruses summas HFSFi poolt 2013. aasta märtsis ei ole riigiabi aluslepingu artikli 107 lõike 1 tähenduses.
In addition, the commitments made by Greece provide that the Bank will not make costly acquisitions.
Võttes arvesse 25. juunil 2014 esitatud NBG grupi ümberkorralduskava, mis hõlmab National Bank of Greece panka ja kõiki tema tütarettevõtjaid (Kreekas ja sellest väljaspool asuvaid tütarettevõtjaid ja filiaale, kes tegelevad pangandus- või muu tegevusega), ning samal kuupäeval Kreeka võetud kohustusi, on siseturuga kokkusobiv järgmine riigiabi:
The Bank has also engaged in a far-reaching cost reduction programme, as indicated in section 2.4.2.
Kreeka 2009. aasta mais ja 2011. aasta detsembris rekapitaliseerimiskava raames NBG-le eelisaktsiate vormis tehtud kapitalisüst summas 1350 miljonit eurot (meede A);
Its costs will further decrease until 2017.
Kreeka keskpanga antud ja Kreeka riigi poolt alates 2011. aasta juulist tagatud erakorraline likviidsusabi NBG-le summas 30,9 miljardit eurot seisuga 31. detsember 2012 (meede L2);
Its workforce is being reduced and most of the salaries adjusted downwards.
HFSFi 2012. aasta mais NBG-le võimaldatud esimene ajutine rekapitaliseerimine summas 7430 miljonit eurot (meede B1);
The existing shareholders of the Bank were successively diluted by the rights issues completed in 2009 and 2010 [147] and then by the HFSF recapitalisation (measure B3).
Kreeka riigi poolt 2009. aasta juulis FB Bankile tehtud kapitalisüst summas 50 miljonit eurot (meede FB1);
The stake held by the shareholders of the Bank was reduced from 100 % prior to the Spring 2013 recapitalisation to only 5,1 % afterwards.
FB Bankilt NBG-le üle antud tegevusega seotud rahastamispuudujäägi katmine 456,97 miljoni euro suuruses summas HFSFi poolt 2013. aasta juunis ja oktoobris (meede FB4);
In addition, no dividend has been paid to ordinary shareholders since 2007 or to US preference shareholders since 2009.
FB Bankilt NBG-le üle antud varade omandamisega seotud kapitalivajaduste katmise kohustus, mis võeti 2013. aasta mais summas 100 miljonit eurot (meede FB5);
Besides that burden-sharing by historical shareholders, the Bank has raised a significant amount of capital since the crisis started in late 2008, that is to say EUR 1247 million in 2009, EUR 1815 million in 2010, EUR 1079 million in 2013 and EUR 2500 million in 2014.
Probankilt NBG-le üle antud tegevusega seotud rahastamispuudujäägi katmine 562,7 miljoni euro suuruses summas HFSFi poolt 2013. aasta augustis ja detsembris (meede PB1);
That capital raised has contributed to reducing the amount of capital needs which had to be filled by State aid.
Artikkel 2
Burden-sharing by subordinated debt holders
Käesolev otsus on adresseeritud Kreeka Vabariigile.
The Bank's subordinated debt holders have contributed to the restructuring costs of the Bank.
Brüssel, 23. juuli 2014
The Bank has performed several liability management exercises in order to generate capital, as described in recitals 149 and 150.
Komisjoni nimel
The still outstanding instruments are subject to the coupon ban mentioned in recital 159.
Joaquín Almunia
Therefore, the Commission considers that an adequate burden-sharing from the bank's private hybrid investors is ensured and the requirements of the Restructuring Communication in that respect are met.
National bank of Greece S.A. ja kõik tema tütarettevõtjad
Conclusion on own contribution and burden-sharing
Komisjoni otsus, 19. november 2008, riigiabi N 560/08 kohta „Meetmed Kreeka krediidiasutuste toetamiseks” ( ELT C 125, 5.6.2009, lk 6).
The Commission observes that in comparison with the total State recapitalisation received, the own contribution and burden-sharing in the form of sale of assets and downsizing is much lower than what the Commission would usually consider sufficient.
Kava tähistati numbriga SA.26678 (N 560/08).
For instance, the restructuring plan envisages no downsizing of the Greek banking activities and the retention of a majority stake in Finansbank.
Seejärel kava pikendati ja muudeti joonealuses märkuses 3 kirjeldatud viisil.
However, in view of the elements developed in section 7.6.1, under which the Commission can accept a lower own contribution and burden-sharing, the restructuring plan can be considered as providing for sufficient own contribution and burden-sharing measures.
Vt komisjoni 22. detsembri 2011. aasta otsus riigiabi SA.34064 (11/N) kohta „Teine rekapitaliseerimine NBG päästmiseks Kreeka rekapitaliseerimiskava raames” ( ELT C 99, 3.4.2012, lk 4).
The Restructuring Communication requires a restructuring plan to propose measures limiting distortions of competition and ensuring a competitive banking sector.
„Rahastamispuudujääk” on termin, mis viitab varade väärtuse ja pangale üle antud kohustuste väärtuse vahele.
Moreover, those measures should also address moral hazard issues and ensure that State aid is not used to fund anti-competitive behaviour.
Seadus 4051/2012 pensioneid käsitlevate eeskirjade kohta ja muude kiireloomuliste eeskirjade kohta, mis on seotud seaduse 4046/2012 vastastikuse mõistmise memorandumi kohaldamisega.
Point 31 of the Restructuring Communication states that when assessing the amount of aid and the resulting competition distortions, the Commission has to take into account both the absolute and relative amount of the State aid received as well as the degree of burden-sharing and the position of the financial institution on the market after the restructuring.
HFSFi 24. detsembri 2012. aasta pressiteade, veebis kättesaadav järgmisel aadressil: http://www.hfsf.gr/files/press_release_20121224_en.pdf.
In that respect, the Commission recalls that the Bank has received capital from the State equivalent to 17,3 % of its RWA [148].
Panga 30. juuni 2013. aasta vahefinantsaruanne, august 2013, lk 9, veebis kättesaadav järgmisel aadressil: https://www.nbg.gr/english/the-group/investor-relations/financial-information/annual-interim-financial-statements/Documents/Annual%20and%20interim%20financial%20statements/Financial%20Report%20NBG%20GROUP-BANK%2030%2006%202013_EN%20FINAL.pdf.
In addition, the Bank has obtained liquidity guarantees amounting to EUR 12900 million as of 15 April 2011 and to EUR 14798 million as of 31 December 2013.
Vt joonealune märkus 2.
The Bank had also received loans of government bonds for EUR 847 million at that date, as well as State-guaranteed ELA amounting to EUR 30,9 billion at 31 December 2012.
Ostu- ja ühendamismenetlus on kriisilahenduse osa, mis koosneb likvideerimisel oleva juriidilise isiku kvaliteetsete varade ja kohustuste kindlakstegemisest ning nende müügist enampakkumisel, et kanda need üle elujõulisesse ettevõttesse.
The need to implement measures to limit potential distortions of competition is thus justified in view of that large amount of aid.
HFSF, majandusaasta aruanne seisuga 31. detsember 2013, juuni 2014, lk 8.
Additionally, the market share of the Bank in Greece is large, with market shares of 22 % for loans and 25 % for deposits at 31 December 2013 [149].
Vt dokumendi „Kreeka pangandussektori rekapitaliseerimise ja ümberkorraldamise aruanne”, II jagu „Kreeka riigivõla ümberkorraldamine”, Kreeka keskpank, detsember 2012, veebis kättesaadav järgmisel aadressil: http://www.bankofgreece.gr/BogEkdoseis/Report_on_the_recapitalisation_and_restructuring.pdf.
The Commission recalls that the difficulties of the Bank come mainly from external shocks such as the Greek sovereign crisis and the protracted recession which has disrupted the Greek economy since 2008.
Rahandusministeeriumi 9. märtsi 2012. aasta pressiteade, veebis kättesaadav järgmisel aadressil: http://www.pdma.gr/attachments/article/80/9%20MARCH%202012%20-%20RESULTS.pdf.
This was also noted in recital 68 of the NBG Opening Decision.
Panga esimese taseme omavahendid on omakapitali suhtarv, mida järelevalve teostaja kontrollib kapitalinõuete direktiivi raames.
The need to address moral hazard issues is therefore reduced in consequence.
Vt joonealune märkus 13, lk 106.
As discussed in section 7.6.1, the distortive effect of the aid measures is lower in the light of those factors as is the need for measures to limit distortions of competition.
Vt joonealune märkus 14.
For those reasons, the Commission can exceptionally accept that, in spite of the high aid amount, the restructuring plan does not envisage any downsizing of the balance sheet and loans in Greece.
Vt joonealune märkus 13, lk 104.
However, the Commission notes that the State recapitalisations enabled the Bank to continue its banking activities in foreign markets.
Eurosüsteemi ehk euroala keskse pangasüsteemi moodustavad Euroopa Keskpank ja riikide keskpangad.
In that respect, the Commission notes, in addition to the deleveraging and restructuring already implemented, the commitment to divest the foreign assets […] by 30 June 2018 [150].
Rahandusministeeriumi 3. detsembri 2012. aasta pressiteade, veebis kättesaadav järgmisel aadressil: http://www.pdma.gr/attachments/article/248/Press%20Release%20-%20December%2003.pdf.
The aid will therefore not be used to distort competition on those foreign markets.
Asjaomane omaenda võla tagasiost nominaalväärtusest palju väiksema hinnaga tõi kaasa Kreeka võlgade olulise vähenemise.
Greece has also committed that the Bank will not make acquisitions, ensuring that the Bank will not use the State aid received to acquire any new business.
Kui tagasiostu ei oleks korraldatud, oleks nende uute Kreeka riigivõlakirjade turuväärtus tõusnud vastavalt selliste turuparameetrite arengule nagu intressimäärad ja Kreeka kohustuste täitmata jätmise tõenäosus.
That commitment contributes to ensuring that the aid is strictly used to support the restoration of the viability of the Greek banking activities, and not, for instance, to grow in foreign markets.
Krediidiriski prognoosid sisaldavad oodatavat kahjumit Kreeka uutelt laenudelt ajavahemikus 2013. aasta juunist kuni 2016. aasta detsembrini.
The commitment to decrease the interest paid on Greek deposits from non-profitable high levels also ensures that the aid will not be used to finance deposit collection strategies which distort competition on the Greek market.
Krediidikahju prognoosil põhinev välismaise riski mõju arvutati välja välismaiste maksude tasumise järgselt ja võttes arvesse sel ajal komisjoni konkurentsi peadirektoraadiga arutatud võõrandamise kohustusi.
Similarly, the commitment to implement strict guidelines as regards the pricing of new loans [151], based on a proper credit risk assessment, will prevent the Bank from distorting competition on the Greek market with inappropriate pricing strategies on the loans to customers.
NBG laenukahjumi reservid 30. juunil 2013 First Business Banki ja Probanki eeskirjade kohaselt.
The commitment to divest […] also ensures that the aid will not be used to grow on that market at the expense of non-aided competitors.
Eurobanki laenukahjumi reservid 30. juunil 2013 New Hellenic Postbanki ja New Proton Banki (mille pank omandas augustis 2013) eeskirjade kohaselt.
Taking into account the specific situation described in section 7.6.1 and the measures provided for in the restructuring plan, the Commission considers there are sufficient safeguards to limit distortions of competition.
Vt tabel 2.
Monitoring
Allikad:2012 ja 2013: Finantstulemused 2013 – Konsolideeritud finantsaruanded, lk 42–432011: Finantstulemused 2012 – Konsolideeritud finantsaruanded, lk 44–452010: Finantstulemused 2010 – Konsolideeritud finantsaruanded, lk 42–43
In accordance with section 5 of the Restructuring Communication, regular reports are required to allow the Commission to verify that the restructuring plan is being implemented properly.
Omakapitali arvnäitajad hõlmavad järgmist:2010. aasta kohta 2009. aastal Kreeka antud eelisaktsiaid 350 miljoni euro väärtuses;2011., 2012. ja 2013. aasta kohta 2009. ja 2011. aastal Kreeka antud eelisaktsiaid 1350 miljoni euro väärtuses.Need näitajad ei hõlma ajutist panga rekapitaliseerimist 2012. aastal summas 9756 miljonit eurot.
The Commission therefore finds that proper monitoring of the implementation of the restructuring plan is ensured.
Indikatiivsete ostukorralduste aktsepteerimise protsess hõlmab potentsiaalsete investoritega suhtlemist, et registreerida nende ostutellimused tellimusraamatus, pidades silmas kapitali kasvu lõpuleviimist.
Conclusion on the compliance of measures A, B1, B2 and B3 with the Restructuring Communication
Konfidentsiaalne teave.
The Commission finds that the restructuring plan when taken together with the commitments in the Annex to this Decision ensures the restoration of long-term viability of the Bank, is sufficient with respect to burden-sharing and own contribution, and contains sufficient measures to limit distortions of competition.
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/4/23.3.2012.
The restructuring plan and commitments submitted fulfil the criteria of the Restructuring Communication.
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/6/23.3.2012.
CONCLUSION
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/5/23.3.2012.
HAS ADOPTED THIS DECISION:
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/2/23.3.2012.
Article 1
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/7/23.3.2012.
The following measures implemented or planned by Greece constitute State aid within the meaning of Article 107(1) of the Treaty:
Kreeka keskpanga kriisilahenduskomisjoni otsus 1/8/23.3.2012.
the emergency liquidity assistance provided to National Bank of Greece S.A.
FB Bank sai jaanuaris 2009 Kreeka riigiväärtpabereid, mis kaotasid kehtivuse 2011. aasta detsembris.
(‘NBG’) by the Bank of Greece and guaranteed by Greece (measure L2);
Kreeka keskpanga e-kiri komisjonile, 11. mai 2013.
the second bridge recapitalisation of EUR 2326 million granted by the Hellenic Financial Stability Fund (‘HFSF’) to NBG in December 2012 (measure B2);
Kreeka keskpanga kriisilahenduskomisjoni otsus 10/2/10.5.2013.
the recapitalisation of EUR 8677 million granted by the HFSF to NBG in spring 2013 (measure B3);
Kreeka keskpanga kriisilahenduskomisjoni otsus 13/1/7.11.2013.
the financing of the total funding gap of EUR 456,97 million by the HFSF related to the activities transferred from First Business Bank S.A.
Kreeka finantsstabiilsuse fondi tegevusaruanne ajavahemiku juuli–detsember 2013 kohta, veebis kättesaadav järgmisel aadressil: http://www.hfsf.gr/files/HFSF_activities_Jul_2013_Dec_2013_en.pdf.
(‘FB Bank’) to NBG in June and October 2013 (measure FB4);
Panga 25. juuli 2013. aasta pakkumine, võttes aluseks Kreeka keskpanga poolt 31. märtsil 2013 esitatud andmed.
the commitment to cover the capital need of NBG related to the acquisition of assets transferred from FB Bank to NBG, in May 2013, for an amount of EUR 100 million (measure FB5);
2. aprillil 2014 Kreeka keskpanga esitatud andmed.
the financing of the total funding gap of EUR 562,73 million by the HFSF related to the activities transferred from Probank S.A. to NBG, in August and December 2013 (measure PB1); and
Kreeka keskpanga krediidi- ja kindlustuskomisjoni otsus 85/1/26.7.2013.
the commitment to cover the capital need of NBG related to the acquisition of assets transferred from Probank to NBG, in July 2013, for an amount of EUR [180 to 280] million (measure PB2).
HFSF, „Probank – Esitatud pakkumiste ülevaade”, 25. juuli 2013.
The financing by the HFSF of the total funding gap of EUR 325,8 million, in the framework of the transfer to NBG of selected assets and liabilities of Cooperative Bank of Lesvos-Limnos, Cooperative Bank of Achaia and Cooperative Bank of Lamia in March 2013, does not constitute State aid within the meaning of Article 107(1) of the Treaty.
Kreeka keskpanga kriisilahenduskomisjoni otsus 12/2/26.7.2013.
In the light of the restructuring plan relating to the NBG Group, which includes National Bank of Greece and all its subsidiaries (Greek and non-Greek subsidiaries and branches, both banking and non-banking activities), submitted on 25 June 2014 and the commitments given by Greece on the same date, the following State aid is compatible with the internal market:
Erinevus oli peamiselt põhjustatud asjaolust, et üleantud laenude tegelik maht oli esialgsest hinnangust 197 miljonit eurot väiksem, laenude andmine suurenes 141 miljoni euro võrra, omakapitali investeeringute portfelli ja võlakirjaportfelli väärtuse ning kohustuste ja peamiselt hoiuste väärtuse määramine vähenes.
the emergency liquidity assistance provided to NBG by the Bank of Greece and guaranteed by Greece since July 2011, for an amount of EUR 30,9 billion at 31 December 2012 (measure L2);
Kreeka keskpanga 7. novembri 2011. aasta kirja kohaselt kehtivad garantiid erakorralise likviidsusabi suhtes tervikuna.
the first bridge recapitalisation of EUR 7430 million granted by the HFSF to NBG in May 2012 (measure B1);
25. juuni 2014. aasta teates edastatud teave.
the second bridge recapitalisation of EUR 2326 million granted by the HFSF to NBG in December 2012 (measure B2);
25. juunil 2014 esitatud ümberkorralduskava, I lisa, lk 24.
the capital injection of EUR 50 million granted by Greece to FB Bank in July 2009 (measure FB1);
Vastavalt põhjendustele 101 ja 102 võeti kohustus 2012. aasta aprillis ja rekapitaliseerimine toimus 2012. aasta mais.
the financing of the total funding gap of EUR 456,97 million by the HFSF related to the activities transferred from FB Bank to NBG, in June and October 2013 (measure FB4);
Eelmärkimise lepingus on sätestatud, et „pangale makstav tegeliku riski tasu hõlmab EFSFi võlakirju ja mis tahes kupongimakseid, samuti intressi, mis on kogunenud alates võlakirjade väljastamisest kuni ettemakse konverteerimiseni osakapitaliks ja muudeks konverteeritavateks finantsinstrumentideks vastavalt lepingus ette nähtud sätetele”.
the financing of the total funding gap of EUR 562,7 million by the HFSF related to the activities transferred from Probank to NBG, in August and December 2013 (measure PB1); and
http://www.nbg.gr/wps/wcm/connect/71b1f08a-2c84-4cfe-a368-f985c93d2da9/20130523_Announcement_Cut+Off+Date+and+Subscription+Period_final+clean+... %283 %29_EN.pdf?MOD=AJPERES.
Article 2
Näiteks oli täitmishind 26. detsembril 2013. aastal 4,3758 eurot ja 26. juunil 2014. aastal 4,4616 eurot, 26. detsembril 2014. aastal on see 4,5689 eurot, 26. juunil 2015. aastal 4,6761 jne.
This Decision is addressed to the Hellenic Republic.
60 miljoni euro väärtuses Kreeka riigivõlakirju eraldati ja anti pangale septembris 2013 pärast Kreeka keskpanga krediidi- ja kindlustuskomisjoni otsust 73/1/10/05.2013 ja Kreeka keskpanga kriisilahenduskomisjoni otsust 10/1/10.5.2003.
Done at Brussels, 23 July 2014.
Nimetus „rahastamispuudujääk” võib seepärast olla eksitav, kuna see ei kirjelda likviidsustoetusega seotud meedet, vaid kapitalitoetusega seotud meedet.
For the Commission
HFSF, Kreeka finantsstabiilsuse fondi tegevusaruanne ajavahemiku juuli–detsember 2013 kohta, märts 2014, veebis kättesaadav järgmisel aadressil: http://www.hfsf.gr/files/HFSF_activities_Jul_2013_Dec_2013_en.pdf.
Vice-President
2010. aasta aastaaruanne: https://www.nbg.gr/english/the-group/investor-relations/annual-report-offerring-circular/Documents/73301T05_CNB.pdf.