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
The Central Bank of Cyprus raised the level of capital buffers that the Bank of Cyprus and Hellenic Bank need to maintain due to their systemic importance to the sector. CBC concluded
Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the resilience of the economy and credit conditions favouring Cypriot banks. Last Friday,
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
Hellenic Bank’s annual profit after tax for the first half of 2023 is €160.2 mln, up by 203%, with net interest income increasing by 77%. In statements about the financial results for the six
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
Hellenic Bank’s interim chief executive officer, Antonis Rouvas, said his focus is on maintaining the bank’s business model while addressing long-standing issues such as the collective agreement with staff. Rouvas, until recently
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
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
