Hellenic to start charging corporate clients interest
Hellenic Bank is to start charging corporate customers interest on their deposits as of March 3, it has emerged. Citing sources at the bank, the...
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Hellenic launches tech seminars for customers
Hellenic Bank on Tuesday announced it has launched a series of seminars to brief its customers on the digital services it offers. The bank said...
Hellenic Bank announces €89.4m profit
Hellenic Bank reported after tax profits of €89.4m for the first nine months of 2019 on Monday with the slogan Building a Strong Bank. The...
Fitch reaffirms ratings for BoC and Hellenic
Fitch Ratings on Friday affirmed Bank of Cyprus’ (BoC) Long-Term Issuer Default Rating (IDR) at B- with a positive outlook and viability rating (VR) at...
Hellenic Bank to acquire MetLife share in Hellenic Alico Life
Hellenic Bank has signed a share-purchase agreement with MetLife Services Cyprus Limited for the acquisition of the entire participation interest of MetLife, equal to 27.5%,...
Changes to pay policies in Cyprus’ banks ‘inevitable’, BoC chief says (Updated)
Changes pay policies in the banking sector are unavoidable, and banks will need to engage with the unions on the issue, Bank of Cyprus’ Chief...
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...
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...
