State aid to banks (IVOR nr. 109) 2018/3.3.5:3.3.5 Underwriting

State aid to banks (IVOR nr. 109) 2018/3.3.5

3.3.5 Underwriting

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

An underwriting commitment can also constitute a State aid measure. This is illustrated by the case of the four large Greek banks (Alpha Bank, NBG, Piraeus Bank and Eurobank). In 2015, these banks planned to conduct a capital raising exercise. The Hellenic Financial Stability Fund (HFSF) would act as a backstop: it committed to provide the amount of capital needed in case it was not provided by private investors in the framework of the capital increase.1

Deze functie is alleen te gebruiken als je bent ingelogd.