Capital Intelligence Ratings has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Hellenic Bank at ‘BB-’ and ‘B’, respectively, as well as a ‘stable’
Retailers are turning to online sales to make the most of the few opportunities left, unable to lure consumers to brick and mortar shops, especially after the coronavirus has almost cancelled Christmas
Low-cost airline Ryanair on Monday posted an H1 loss of €197 mln, compared to a 2019 first-half profit of €1.15 bln due to the impact of coronavirus with 99% of its fleet
The Steamship Mutual Underwriting Association’s new European office in Limassol gives prestige and consolidates Cyprus as a quality cluster of international maritime activities, the island’s junior minister for shipping said. SMUAE is
Hellenic Bank reported a lower first half net profit of EUR 17.7 mln, impacted by the coronavirus pandemic, down from EUR 58.3 mln in the same period last year. The second biggest
Cyprus pharmaceuticals are probably the country’s biggest kept secret as the industry was responsible for almost a third of all exports in the first five months of 2020 while increasing year-on-year. Last
Hellenic Bank announced that CEO Ioannis Matsis has stepped down after three years in the job at the second largest Cyprus lender and that his employment agreement “has been mutually agreed to
Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix
Career banker Constantinos Loizides is returning to Hellenic Bank as its new chief executive after 15 years, following the unexpected resignation Wednesday of CEO Ioannis Matsis, media reports said. Matsis stepped down
Social networking platforms owned by Facebook founder Mark Zuckerberg have access to about 6.98 billion users as of July, representing nearly half or 47.8% of the active users among the top 15
