Hellenic Bank posts 9M €240.7 mln profit

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

Obstacles to Eurobank’s Hellenic takeover

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 sells Hellenic stake to Eurobank

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 controls Hellenic

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

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Hellenic appoints interim boss, as Gatzke goes

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

Eurobank edges closer to Hellenic takeover

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 eyes €200 mln profit

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

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