Hellenic Bank 1H07 results end of August

The Board of Directors of Hellenic Bank will convene on 29 August 2007 to examine its first half 2007 results. The Board has already issued a positive warning with regards to its results. A year ago in the first half,  HB posted a net profit figure of CYP 15.3 mln, whilst in 1Q07 HB recorded an impressive bottom line figure of CYP 14.3 mln.

HB is expected to post another strong set of results amid further improvements in both its revenue and cost lines, as well as the improved quality of its loan book (lower provision levels).