Information on Greek government bonds held by Hellenic Bank Group
1/6/2010 9:29
Following the strong interest on behalf of the investors in the investments of the Cypriot banks in Greek government bonds and within the framework of the transparency and the briefing of the investing public, Hellenic Bank Group announces that:
a) The total exposure of the Group in Greek government bonds as at 31/3/2010 stood at €135 million (31/12/2009: €55m) compared to:
- €2.1 billion (31/12/2009: €2 billion) that the total investments of the Group are in government and other acceptable capital securities, bonds and shares on 31/3/2010 and
- €8 billion (31/12/2009: €8.3bn) that the total assets of the Group are on the same date.
b) After the expiry of the Greek government bonds of €25 million on May 19, 2010, the total worth of the Group stands at €110 million.
Hellenic Bank Group holds the above for investing purposes and, therefore, has classified them as investments held to maturity.
Finally, the Group believes that its exposure to the Greek government bonds is restricted and manageable.
a) The total exposure of the Group in Greek government bonds as at 31/3/2010 stood at €135 million (31/12/2009: €55m) compared to:
- €2.1 billion (31/12/2009: €2 billion) that the total investments of the Group are in government and other acceptable capital securities, bonds and shares on 31/3/2010 and
- €8 billion (31/12/2009: €8.3bn) that the total assets of the Group are on the same date.
b) After the expiry of the Greek government bonds of €25 million on May 19, 2010, the total worth of the Group stands at €110 million.
Hellenic Bank Group holds the above for investing purposes and, therefore, has classified them as investments held to maturity.
Finally, the Group believes that its exposure to the Greek government bonds is restricted and manageable.
