Cyprus Business Now
Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell...
Hellenic Bank
Eurobank takes 9.9 per cent stake in Hellenic Bank
Eurobank on Friday announced the acquisition of a 9.9 per cent holding (40,800,000 shares) in Hellenic Bank, according to a statement released on Friday. It...
Hellenic Bank sees earnings at €89.3mn in Q1 and profit of €12.9 million
Hellenic bank saw earnings of €89.3 million in the first quarter of 2021, and profit of €12.9 million after tax. These figures slightly exceeded analyst...
Hellenic Bank: Best bank in Cyprus says Global Finance
Global Finance announced the best banks in Western Europe in 2021, declaring Hellenic Bank the “Best Bank” in Cyprus for the year. As the well-respected...
Hellenic ranked among top banks globally
Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to...
Hellenic Bank sees 2020 profit after tax of €50.5mn
Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and...
Hellenic Bank warns of upsurge in electronic fraud
Hellenic Bank on Tuesday warned clients about an upsurge in electronic fraud and urged them not to share any of their details. In an announcement,...
Professional soldier arrested after Cyta explosion is released
Police have released a professional soldier arrested more than a week ago in connection with an explosion at a telecommunications company (Cyta) branch in Limassol...
Coronavirus: Hellenic Bank reducing staff on premises, urges use of digital platforms
Hellenic Bank said on Sunday it was ready to implement the latest Covid decree and was reducing the number of staff who would be working...
Kedipes expects 25 per cent drop in revenue
The Cyprus Asset Management Company’s (Kedipes) expects a 25 per cent drop in revenues at the end of 2020, compared to last year, the decline...
Coronavirus: ATMs for all transactions below 500 euros says Hellenic Bank
Hellenic Bank announced that key services will be changing from Monday, stating that customers will have to use ATMs for cash withdrawals for amounts less...
Banks ‘unlikely to extend moratorium’ on loan repayments
The possibility of banks extending a moratorium on loan repayment beyond the end of the year is not likely, a senior banker said on Friday....
Hellenic Bank CEO leaves after mutual agreement
The employment contract of Hellenic Bank’s CEO Ioannis Matsis has been terminated immediately through mutual agreement, the bank announced on Tuesday. According to the announcement,...
AstroBank accepts CEO Loizides’ resignation
The Board of Directors of AstroBank Public Company Limited, which convened on Thursday, accepted the resignation for personal reasons of CEO Constantinos Loizides and appointed...
Hellenic Bank launches initiatives to guide customers into online banking
Hellenic Bank announced on Friday the launch of an initiative called ‘Connect Corners’ through which they will try to get customers acquainted with online and...
Elderly struggle with online banking, pensioners’ union says
Elderly people are still struggling to use technology for their banking, Cyprus’ pensioners’ union Ekysy said on Thursday, after Hellenic Bank informed them that mobile...
Hellenic Bank shows small loss in Q1; analysts say outlook is stable for year
With the announcement of first quarter results on Friday, Hellenic Bank revealed the initial effects of the novel coronavirus crisis, showing a slight loss...
46th Annual General Meeting of Shareholders of the Hellenic Bank
At the 46th Annual General Meeting (the “EGS”) of the Shareholders of the Hellenic Bank of the Public Company Ltd (the “Bank”), which took place...
Hellenic Bank CEO outlines strategy to beat crisis at AGM
At the 46th Annual General Meeting of Shareholders on Tuesday, Hellenic Bank Chief Executive Officer Ioannis Matsis outlined the bank’s strategy to overcome the effects...
MPs squabble over 2108 co-op-Hellenic deal
A relatively inconsequential regulation discussed in parliament on Monday served to reignite controversy over a 2018 deal where the state-owned cooperative bank was sold to...