In the first half year, VBAG wrote down Greek government bonds by an amount of EUR 24 million which was shown in the income from financial investments position. On page 6 of the half-year financial report which is also attached, this is explained: "As a result of the bailout of Greece by the EU in July, in which the private sector is to participate, Greek bonds had to be impaired. As a result of this, the available for sale reserve was reclassified to profit or loss with an amount of EUR -17 million. Securities in the held to maturity category were measure at a present value of 79%, corresponding to an impairment of euro 7 million .... VBAG Group thus fully followed the recommendations of the German and Austrian auditors with regard to the valuation of Greek securities."
Further write-downs for Greek government bonds or other sovereign exposure might become necessary in the next months - this is one of the reasons why we gave a range of EUR -750 million to EUR -1,050 million at the single entity level. The anticipated loss of EUR 900 million includes already a potential haircut of 60% on our Greek government bond holdings.
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Questo è l'IR di Oevag - postato da Discipline sul 3ad perpetual
Lo riporto qui solo come testimonianza di come le banche hanno trattato i tds greci in ptf