As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest
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
Hellenic Bank saw its profits increase in the first half of 2022 to €55.4 mln, from €21 mln in the same period last year, reducing its non-performing loans further, and sticking to
A labour crisis in the banking sector seems to be averted as Hellenic Bank has taken a step back from its plans to reduce staff with redundancies without compensations. Hellenic CEO Oliver
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
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
Eurobank Cyprus recorded yet another year of growth with its 2021 profits rising to €52.3 mln, up €12.2 mln from the year before, reducing its non-performing loans further and mostly unaffected by
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,
RCB Bank has sold a good part of its loanbook, described as a “performing loan portfolio” which is well collateralised and comprises of mainly corporate loans, to Hellenic Bank for €556 mln,
Hellenic Bank announced a 19% increase in first half profits to €21 mln, from €17.7 mln in the same period last year, with the Group chief executive describing it as “solid performance”.
