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.
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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
New programme will teach students how to manage money
Secondary school students will be taught personal finance lessons through a programme kicking off next year. The programme promoting financial literacy will be funded
Hellenic unveils mobile banking vehicles
Hellenic Bank will soon roll out its first Mobile Banking Unit vehicle, designed to reach customers in the countryside and remote locations. According to a
Sale of Co-op to Hellenic was ‘the best solution’ expert says
By George Psyllides The sale of certain parts of the co-op bank to Hellenic was the best solution, a professional services official told an inquiry
Lenders call on Cyprus to maintain fiscal discipline and speed up reforms
The European institutions (EC, ESM) the ECB and the IMF have called on Cyprus to maintain fiscal discipline and accelerate reforms, especially those linked to
Hellenic to reactivate 4,559 Co-op overdraft accounts with €25m
Hellenic Bank said it has agreed with the finance ministry to transfer another 4,559 overdraft accounts from the Co-op with a €21m balance and a
Hellenic posts €35m profit in H1
By Stelios Orphanides Hellenic Bank, Cyprus’ second largest, said on Monday it generated an after-tax profit of €35.3m in the first six months of 2018
A new reality for borrowers
‘You wouldn’t believe what kind of breaks they used to get from banks’ By Elias Hazou LOAN defaulters expecting more flexibility from debt collection agencies
Banks given until Monday to find solution to wrongly offset accounts
By Lizzy Ioannidou IN AN extraordinary meeting on Saturday, the parliamentary audit committee gave the Hellenic Bank and the legacy Co-operative Bank until Monday to
Capital Intelligence upgrades Cypriot sovereign rating to BB
By Stelios Orphanides Capital Intelligence, the Limassol-based rating company, said that it upgraded Cyprus’ long-term foreign currency rating by a notch to BB, which is still in
Recent Co-op uncertainty prompts customer flight to BoC
Bank of Cyprus has seen a windfall of new business in the past few months due to the uncertainty that was created at the co-op