The Hellenic Financial Stability Fund (HFSF) was founded in July 2010 (under Law 3864/2010) as a private legal entity and does not belong to the public sector. It has administrative and financial autonomy, operates exclusively under the rules of the private economy and is governed by the provisions of the founding law as applicable. 

The objective of the HFSF is to contribute to the maintenance of the stability of the Greek banking system, for the sake of public interest. Τhe HFSF shall act in line with the relevant commitments under the Memorandum of Understanding of 15.3.2012, draft of which was ratified by law 4046/2012 (A’ 28) and of the Memorandum of Understanding of 19.8.2015 draft of which is ratified under law 4336/2015 (A’ 94), as they are both updated from time to time.