November 30th, 2017Hellenic Bank, the third-largest Cypriot lender, announced an after-tax loss of €17.8m in the first nine-months of 2017 compared to a €5m profit in the respective period of last year.
The worsening of profitability was mainly on an increase in provisions to €85.3m in January to September against €64.1m in provisions in the...
April 27th, 2017Ioannis Matsis, Hellenic Bank’s new top executive, said that excessive regulatory requirements for European banks discourage the consolidation of the Cypriot banking sector, the Cyprus News Agency (CNA) reported.
The acquisition of a locally regulated bank by a competitor regulated by the European Central Bank’s (ECB) Single...
April 19th, 2017The European Central Bank has approved the appointment of Ioannis Matsis as Hellenic Bank's CEO.
The official start date of the appointment will be April 24.
Matsis replaces Bert Pijls who was two years in the post.
Matsis, currently a member of Hellenic’s board and chairman of the risk management committee, “is best placed...
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