Hellenic Bank, the island’s second biggest lender aiming to claim the throne after its takeover by Eurobank Cyprus, saw its net interest income nearly double last year, with profits surging 1,500% from
The competition commission has given the go-ahead to Eurobank’s bid to take control of Hellenic Bank and, in effect, to become the largest lender on the island, with the next approvals pending
Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender; however, there are obstacles as major shareholders are unwilling to budge. With a 29.2% Hellenic stake,
Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank. The deal is valued at €65.9 mln, equivalent to €2.35 per share. Eurobank
Eurobank Cyprus, the local subsidiary of the Eurobank Group with a presence in six countries, has acquired the 17% stake in Hellenic Bank held by Pimco to become the local lender’s biggest
Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender, just months after increasing its stake to over 29%. Once it reaches the 30% benchmark, according
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023, with net profits approaching full-year gains for 2022 due to rising interest rates. Eurobank Cyprus, a subsidiary of Greek
Greece’s Eurobank is reportedly edging towards a takeover of Hellenic Bank as it prepares to increase its stake in the island’s second-largest lender past 30%. Once it reaches the 30% benchmark, according
Eurobank is moving closer to a takeover of the island’s second-largest lender after solidifying its position as Hellenic Bank’s major shareholder acquiring another 3.2%, essentially buying out Senvest Management LLC. Combined with
Eurobank is on its way to becoming Hellenic Bank’s largest shareholder after announcing an initial deal to buy 13.41% of Wargaming’s 20.61% holding for €70 mln. Greece’s Eurobank Cyprus subsidiary announced the
