Petros Christodoulou, a former senior executive at the National Bank of Greece (NBG) and with 38 years of international finance experience under his belt, is the new Chairman of Hellenic Bank. The
Capital Intelligence Ratings has revised the long-term foreign currency rating (LT FCR) and bank standalone rating (BSR) outlook of Hellenic Bank (HB) to ‘positive’ from ‘stable’. HB’s core financial strength (CFS) rating
Fitch has upgraded Hellenic Bank’s long-term issuer default rating (IDR) by two notches to ‘BB+’ from ‘BB-‘, and viability rating (VR) to ‘bb+’ from ‘bb-‘, while maintaining the outlook at ‘stable’. Fitch
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
