Hellenic Bank posts 9M €240.7 mln profit

Hellenic Bank announced on Tuesday a net profit of €240.7 million for the first 9 months of 2023. According to a Hellenic Group statement, this profit was mainly driven by the higher interest

Hellenic eyes €200 mln profit

Hellenic reported good financial results for 2022 with a profit of €24 mln (from a €12 mln loss in 2021), confirming the progress made in the transformation to a customer- and technology-focused

New bank loans decline

Total new loans decreased to €473.9 mln in April, compared with €922.5 mln in the previous month, as the credit squeeze tightens, the Central Bank of Cyprus said. Regarding deposit rates, it

BoC posts €95 mln Q1 net profit

Largest lender Bank of Cyprus posted after-tax profits of €95 mln for the first quarter of 2023 from €17 mln in the same period last year. The Bank announced Tuesday that net income from

Hellenic Bank posts €24.2 mln annual profit

Cyprus’ second-largest lender, Hellenic Bank, posted 2022 full-year net profits of €24.2 mln, a rise of 307% year-on-year. “Despite the challenges caused by the war in Ukraine and the inflationary pressures, we

Senvest becomes major shareholder in BoC

Weeks after offloading 3.2% of its 4.5% holding in Hellenic Bank, fund manager Senvest Group has increased its participation in the island’s largest lender, Bank of Cyprus. According to an announcement sent

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