Hellenic Bank urges union to enter negotiations as some employees strike
A 24-hour strike over a pay dispute was damaging for the staff itself, Hellenic Bank said on Friday, as their union expressed satisfaction over the...
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Bank union insists on strike despite Hellenic granting pay rise (Updated)
Bank workers union Etyk on Thursday accused the Hellenic Bank management of violating the industrial relations code and of refusing to comply with the labour...
JCC strike called off but Hellenic bank’s one will go ahead
Workers at card processing company JCC called off a strike on Wednesday after the management granted them the annual raise and cost of living allowance...
Bank employees’ unions ‘sending clear message’ with strike action (Updated)
Bank employees’ union Etyk intends to send a clear message to the management of Hellenic Bank by staging a work stoppage on Friday, an announcement...
Union calls strike at Hellenic bank
Bank employees’ union Etyk has called a 24-hour strike at Hellenic Bank for next Friday, accusing the company of reneging on prior commitments made to...
Hellenic Bank announces H1 profits of €59.1 million
Hellenic Bank announced after tax profits of €59.1 million for the first six months of 2019, with Chief Executive Officer Ioannis Matsis stressing that the...
‘Dozens of rural communities left without banking services’
MAIN opposition Akel has again highlighted the issue of the ongoing closure of bank branches formerly operated by the Cyprus Cooperative Bank (CCB) and since...
Integration of former Co-op and Hellenic Bank to be completed on Monday
The integration process of Cyprus Cooperative Bank (CCB) and Hellenic Bank will be completed on Monday, a year after the acquisition of the former by...
State-owned asset-management company brings in €288m in its first 10 months
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following...
Co-op takeover crucial for recovery of banking sector, says Hellenic CEO
The most important move which contributed towards the recovery of the island’s banking sector was the takeover by Hellenic of parts of the co-op bank...
Hellenic posts €14.9m net profit in Q1
Hellenic Bank said Friday it has generated a first-quarter net profit of €14.9m on the acquisition of the co-op bank and de-risking its balance sheet....
Economy settling into ‘growth phase’ Hellenic says
Cyprus’ ‘recovery phase’ has passed and the economy is settling into its ‘growth phase’, Hellenic Bank’s Economic Research Department said on Tuesday. In its Economic...
Demetra Investments becomes largest shareholder of Hellenic Bank
Demetra Investments Ltd increased its stake in Hellenic Bank from 18.42 per cent to 21.01 per cent on Tuesday, according to a CySEC announcement. Bank...
Hellenic Bank posts €320m in 2018
Hellenic Bank said Thursday it had recorded a net profit of €320m in 2018 mainly on the positive impact of the negative goodwill of €297,9m...
Fitch upgrades Hellenic Bank
Fitch Ratings has upgraded Hellenic Bank Long-Term Issuer Default Rating to ‘B+’ from ‘B’, the credit rating agency said on Thursday. In a statement, Fitch...
Moody’s upgrades Bank of Cyprus’ and Hellenic Bank’s deposit ratings
Moody’s Investors Service on Thursday said it had upgraded Bank of Cyprus and Hellenic Bank long-term deposit ratings to B3 from Caa1, and their long-term...
Hellenic launches second mobile banking unit, 27 communities now covered
Hellenic Bank has launched a second mobile banking unit covering an additional 15 communities to bring the total to 27 that do not have easy...
Island’s economy now in growth phase says Hellenic
Cyprus’ macroeconomic outlook is positive with growth expected to reach 4 per cent in 2018 and 3.9 per cent in 2019, Hellenic Bank said on...
Hellenic introduces mobile banking units
The first mobile banking unit (MBU) of Hellenic Bank was presented at the Aes Ambelis winery in Klirou on Friday morning. The big vehicle will...
Unions ‘only stone not upturned’ by banks
After tackling non-performing loans, the volume of which he believes will go down very fast in the next year, unions are “the only stone not...
