450 Hellenic Bank staff choose exit plan

Some 450 Hellenic Bank employees have selected the exit button opting for early retirement with €200,000 compensation each. The bank launched its voluntary exit scheme to reduce its staff by around 500

CI Ratings improves Hellenic Bank’s outlook

Capital Intelligence is confident that Hellenic Bank is on the right path to growth and profitability, raising its outlook on the long-term foreign currency rating (LT FCR) to ‘positive’ from ‘stable’. The

Crisis and opportunity

The drastic changes in the Cyprus banking sector hinge on four key events during the past nine years, which should have taught the authorities and consumers alike a lesson or two. After


RCB starts winding down

RCB Bank has embarked on an “orderly winding down” of its Cyprus banking operations, following the announcement a month ago of the transfer of shares held by Russian entities to local stakeholders,

1 2 3